Kyte Raises $30 Million for Rental Cars: Travel Startup Funding This Week
Photo Caption: Rental car delivery by the startup Kyte. Source: Kyte.
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This week, travel startups, including rental car service Kyte, collectively announced more than $41 million in funding.
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 $41 million in funding.
>>Kyte, a rental car provider that delivers vehicles to customers, closed a $30 million round of Series A funding.
Park West Asset Management and Sterling Road led the round. Kyte’s Series A round saw participation from new and existing investors, including DN Capital, Amplo, 1984 Ventures, FundersClub, Moving Capital, Rosecliff Ventures, Seraph Group, Unpopular Ventures, Urban Innovation Fund, and the founders of German transportation unicorn, FlixBus.
The San Francisco-based startup raised a $9 million seed round in late 2020. The company, begun in 2019, is rolling out its full product vision in phases. Its eve
