Funding round
Kyte Series B
Kyte, which works in vehicle rental services in San Francisco, raised $60M in a Series B round announced on 10 Nov 2022, led by InterAlpen Partners. 9 firms took part. It is Kyte's third venture round on record; the one before was a Series A in Oct 2021.
$60M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Kyte did not disclose a valuation in this round. It came 13 months after Kyte's Series A. It is 61% of the $99M Kyte has raised in the venture rounds on record. No later venture round is on record for Kyte.
Kyte's funding rounds
Kyte has 3 venture rounds on record and 2 other deals. This one is highlighted.
Investors
Who put money in
InterAlpen Partners led the round with 8 other firms.
Lead investor
- InterAlpen Partners new investor
Also in the round
- Valor backs 143 venture-backed companies new investor
- backs 95 venture-backed companies new investor
- Citi Ventures new investor
- Hearst Ventures new investor
- backs 55 venture-backed companies new investor
- backs 52 venture-backed companies new investor
- FJ Labs backs 316 venture-backed companies new investor
- backs 31 venture-backed companies new investor
Joined the board: Stephen George (InterAlpen Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Car Rental:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| FINN Car Rental | 25 May 2022 | $110M | $500M | Korelya Capital |
| Car Rental | 25 Feb 2022 | $93M | not disclosed | Affirma Capital |
| Car Rental | 14 Dec 2021 | $95M | not disclosed | Atomico |
| Car Rental | 20 Dec 2021 | $31M | not disclosed | Lightrock and Global Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Kyte raise in its Series B round?
Kyte raised $60M in its Series B round, announced in Nov 2022.
Who led Kyte's Series B round?
InterAlpen Partners led it, with Valor, Anthemis, Citi Ventures, Hearst Ventures and DN Capital and 3 more.
What was Kyte's valuation at the Series B round?
It was not disclosed.