Tuesday, April 17, 2018

Turo Gets $12M From Sumitomo

San Francisco-based peer-to-peer car sharing marketplace operator Turo has raised $12M in a Series D funding, which included a strategic investment from Sumitomo Corporation of Americas, as well as American Express. According to Sumitomo, the relationship involves not only capital, but an effort to work with Turo for an eventual Japanese and APAC expansion. Turo was founded in 2009.