Fenwick & West Represents Turo in $47 Million Series C Financing

November 02, 2015

Fenwick & West represented Turo (formerly known as RelayRides), a peer-to-peer car sharing platform, in its $47 million Series C financing. The financing was led by Kleiner Perkins Caufield & Byers (KPCB) and its affiliates with participation from existing investors August Capital, Canaan Partners, Google Ventures, Shasta Ventures and Trinity Ventures.

The new capital will be used to help enhance customer experience, accelerate customer acquisition and expand into new geographies. More information about Turo’s $47 million financing can be obtained from the company press release.

The Fenwick transaction team was led by corporate partner Sam Angus and associates Ran Ben-Tzur, Morgan McDonell and Nam Kim.