Car rental startup, Virtuo, has raised €20 million (£17.3m) to help it make a big push into the UK market in 2019.
We are excited to announce we participated in this round alongside Iris Capital and Raise Ventures, having led the company’s Series A in September 2017.
The Virtuo app eliminates the stresses of traditional car rental, allowing users to book and unlock a pristine Mercedes A-Class or GLA in minutes. Virtuo users can complete all paperwork in the app before picking up a valeted car and unlocking it with a smart key downloaded to their phone
Travel outside cities in many European countries is not well served. Here in the UK, the railways are becoming less efficient and increasingly expensive. We want to show a younger generation that cars are still a really convenient and cheap way to travel and that you don’t need to own a vehicle to be able to have on-demand and hassle-free access to it.
