Virtuo Raises $23 Million for Car Rentals: Travel Startup Funding This Week
Photo Credit: Virtuo, a car rental company, has raised $23 million in funding. Shown here is Virtuo’s co-founder, Karim Kaddoura (right) and co-founder Thibault Chassagne (left) with example cars for rent in front of the St. Pancras Renaissance Hotel in London. Virtuo
Skift Take
Three interesting companies announced investments this week: Virtuo, a car rental service, aims to replace service counters with mobile-first customer service. May Mobility builds autonomous vehicles for smart cities. NuStay offers hotel price-comparison.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
This week travel startups announced more than $46.7 million in funding.
>>Virtuo , a car rental company, has raised $23 million in a Series B round.
Iris, Balderton, and Raise Ventures participated as investors.
Virtuo has raised $33.6 million of venture capital since its founding in 2015.
The company lets customers rent Mercedes and other luxury brand vehicles by a mobile app at 27 train stations, airports, and city center locations in France, Belgium, and the UK.
Like car-sharing firm Zipcar, Virtuo lets a traveler pick a car via the app and then unlock the vehicle with the app — skipping a counter service line. The startup has 50 employees but plans to double its headcount within a year.
>>May Mobility, a company that pri
