What is Virtuo?
Founded in 2015 and headquartered in Paris, France, Virtuo is revolutionizing the car rental industry with its mobile-only platform. The service allows users to book and unlock pristine vehicles, such as Mercedes A-Class or GLA models, entirely through their smartphones. Virtuo leverages technology to eliminate the traditional pain points associated with car rental, enabling users to unlock cars, file damage reports, and monitor real-time fuel and mileage information seamlessly via their mobile devices. This focus on a frictionless, tech-driven customer experience positions Virtuo as a leader in the evolving mobility sector.
How much funding has Virtuo raised?
Virtuo has raised a total of $93.5M across 3 funding rounds:
Series A
$8.8M
Series B
$23.6M
Series C
$61M
Series A (2017): $8.8M with participation from Balderton
Series B (2019): $23.6M led by Raise Ventures, Balderton, Thibaud Elziere, and Iris Capital
Series C (2021): $61.1M supported by Iris Capital, Raise Ventures, Bpifrance, Balderton, Alpha Intelligence Capital, H14, and AXA Venture Partners
Key Investors in Virtuo
Iris Capital
Iris Capital is a venture capital firm specializing in providing funding and sector-specific expertise to tech entrepreneurs across various stages, from seed to late-stage growth, with a focus on enhancing investment capabilities and ESG commitments.
Bpifrance
Bpifrance finances companies at every stage of development with credit, guarantees, and equity, supporting innovation, international expansion, and export activities through a wide range of products and services for entrepreneurs.
Balderton
Balderton Capital is a London-based venture capital firm that invests in early-stage, high-growth technology companies across Europe, typically leading Seed and Series A rounds and supporting founders through global scaleup and exits.
What's next for Virtuo?
With its latest major strategic investment, Virtuo is poised for accelerated expansion and further technological development. The company's ability to attract significant capital, including from prominent venture capital firms, indicates a strong growth trajectory and market validation. Future endeavors will likely focus on enhancing the user experience, expanding its fleet and geographical reach, and continuing to innovate within the car rental and broader mobility landscape. This infusion of capital will be instrumental in solidifying Virtuo's position as a disruptor in the automotive rental market.
See full Virtuo company page
