Riding together toward a sustainable future

Shared Mobility

Turo is a peer-to-peer car sharing marketplace that allows car owners to rent out their personal vehicles to others. Founded in 2010, the company has expanded rapidly, operating in over 9,500 cities across the US, Canada, the UK, France, and Australia as of June 2022. Turo's platform offers a vast selection of vehicles, with over 250,000 active vehicles listed by 125,000 active hosts as of June 30, 2022.
The service provides an alternative to traditional car rental companies, allowing users to rent unique cars from local hosts at affordable rates. Turo's business model eliminates the costs associated with owning and maintaining large fleets, enabling hosts to earn extra income by sharing their underutilized personal vehicles. Guests can book any car they desire, from compact sedans to luxury sports cars, through Turo's user-friendly website or mobile app.
Turo's platform utilizes a dynamic pricing system, where hosts set their rental rates based on market demand. The company generates revenue by taking a commission from each rental transaction, typically ranging from 10% to 40% of the total rental fee, depending on the protection plan selected by the host. In addition to rental fees, guests may incur additional charges such as trip fees, young driver fees, and optional extras like unlimited mileage or prepaid refueling.
In April 2022, Turo confidentially filed for an initial public offering (IPO), indicating its intention to become a publicly-traded company. The company's revenue surged 207% year-over-year to USD 330.5 million in the first nine months of 2021, driven by an increase in the number of days booked and higher gross booking value per day. However, Turo reported a net loss of USD 129.3 million during the same period.

Travel Tech

Turo (formley RelayRides) is a car-sharing marketplace that allows owners to lease their cars through its platform. Hosts can list their vehicles, manage availability, and adjust prices to respond to market demands. Renters have the ability to search for vehicles based on location, type, price, intended use, and other criteria to find the ideal car for their needs. The platform features integrated messaging, payments, and fraud detection, as well as the “Turo Risk Score” introduced in April 2020 to implement real-time, risk-based trip fees. Renters can access a wide range of vehicles including trucks, vans, minivans, and SUVs, in over 9,500 (June 2022) cities across the US, Canada, and the UK.Turo generates revenue through commissions charged based on the total trip price, varying from 2.5-100%, a flat fee of USD 15 and value-added services fees for additional services, such as protection. Turo had more than 125,000 active hosts and 250,000 active vehicles (as of June 2022) and 1.3 million active guests (as of September 2021).Turo also announced expansions into France—which coincided with the acquisition of its competitor, OuiCar, with the hopes of assimilating OuiCar under the Turo umbrella in the future—and Australia (including Sydney, Perth, Melbourne, and Brisbane) in 2022. Turo was backed by Daimler (now known as Mercedes-Benz Group) in its USD 90 million Series D funding round in 2017. At the same time, it took over Daimler’s car-sharing business, Croove, which initially launched in Germany in 2016, but was shut down in 2020.Key customers and partnershipsIn&nbsp;<a href="https://sp-edge.com/updates/35127">October 2024</a>, Turo partnered with Crashbay to improve the auto claims repair process for Turo hosts. Previously,&nbsp;In&nbsp;<a href="https://sp-edge.com/updates/33358">August 2024</a>, Turo entered into a multi-year partnership with Uber to integrate Turo's vehicle selection into the Uber app.In May 2022, Turo joined forces with Capital One, allowing credit card holders to receive enhanced rewards when making bookings through Turo. Other partners include Delta Airlines, vehicle and driving data business IMS, Auto Rental ETC, Michelin Guide, and the Quebec Electric Vehicle Association.&nbsp;

Blackbird Labs is a web3 hospitality technology platform that should directly connect restaurants and customers. Founded by Ben Leventhal in 2022, Blackbird Labs is based in New York, United States.

Vivian Health helps nurses find relevant short-term travel jobs and research the best cities to work in. The company works with staffing agencies in the country to help them find qualified and talented travel nurse candidates.

MGM Resorts International develops, builds and operates unique destination resorts designed to provide a total resort experience, including first-class accommodations and dining, world-class entertainment, state-of-the-art meeting and convention facilities, and high-quality retail and gaming experiences. MGM RESORTS INTL. | IP HOLDER ID#: 101488165 /Grant@MGMResorts.email MGM Resorts Intl. by L-WIRE INTERNATIONAL

Thimble is an insurance producer enabling small businesses to succeed on their own terms. The company provides liability coverage for customers in more than 100 professions including landscapers, beauticians, dog walkers, handymen, DJs, and musicians. It also offers flexible, short term, and versatile insurance to small businesses, independent workers, and freelancers. Thimble allows the company to expand from its roots as a pioneer of drone insurance to a full partner for all small businesses and modern workers as they grow in the on-demand economy. It also allows small businesses to obtain insurance for every job.

Turo is a car sharing marketplace where travelers can rent any car they want, wherever they want it, from a community of local car owners. Travelers choose from a unique selection of nearby cars, while car owners earn extra money and help fuel the adventures of travelers they meet along the way. Since its national launch in March 2012, Turo has built a vibrant community of over 2 million owners and travelers. Owners are able to make hundreds – or even thousands – of dollars a month by simply and safely renting out their cars. From A3 to Z4, renters have access to an unparalleled selection of vehicles at prices up to 40% lower than other car rental options, while enjoying the convenience of renting cars where they’re needed: right in their own neighborhood, at the airport, and everywhere in between.

LiveSafe provides a mobile social safety application for individuals and safety officials to collaborate and build safer communities. LiveSafe’s mission is to create a safer world by redefining the way it responds to threats and emergencies. Using the latest in smartphone technology, our service empowers people by providing them with access to the right tools and information they need, right when they need it. The company's unprecedented technology connects citizens and safety officials through a real-time, two-way communication system. The robust application allows people to easily receive and send important safety information to law enforcement, who can then respond to situations better and faster than ever before. By engaging the whole community in a social network of safety, our student and citizen-centered design takes policing to the next generation.

BlueCrew is an on-demand staffing platform for temporary workers. They are looking to change the future of work by adding transparency and automation to the staffing of blue collar positions. They are the best platform to quickly fill short term, low complexity positions with high quality candidates. They offer theircustomers the flexibility of a mobile-based staffing platform, with the benefits of the legal protections from a traditional w2 staffing model.

Rodo is a venture-backed automotive tech startup driving transparency and innovation in the new car industry. Rodo is the fastest and easiest way to lease or buy a new car, without ever stepping foot in a dealership. Leveraging proprietary technology and thousands of dealer partnerships nationwide, Rodo puts hundreds of thousands of vehicles in the hands of consumers, offering a simple, mobile-first, 3-step leasing process and free delivery.

Convoy is the nation’s most efficient digital freight network. It moves thousands of truckloads around the country each day through its optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. It uses technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 72 million metric tons of wasted CO2 emissions from empty trucks.

Starry is an Internet company that creates easy-to-use Wi-Fi products and radical ways to get Internet service. They started with Starry Station, the world’s first ambient touchscreen Wi-Fi station, to give people unmatched visibility and control over their in-home Wi-Fi with a glance, tap, or swipe. They also invented new technologies that will let us deliver remarkably fast Internet service using high-frequency spectrum. And they're just getting started.

Tinder anonymously finds people nearby that like each other and connects them if they are both interested. Every time you open Tinder, you’ll immediately see new, interesting people nearby, along with friends or interests you have in common. Swipe right to like or left to pass on each person’s profile. All swipes are anonymous. No one will ever know you’ve passed on their profile. Only once you’ve both swiped right on each other will your newfound match be revealed.

Aereo is a New York City-based technology company that allows consumers to access live broadcast television on Internet-connected devices through use of its remote integrated (cloud-based) antenna/DVR technology. Using Aereo’s technology, consumers can pause and rewind any program that they are watching live, or save a program for future viewing.   A cable or satellite television subscription is not required to use Aereo. Aereo is currently supported on iPad, iPhone, Chrome, Safari on MacBook, Internet Explorer 9, Firefox, Opera, AppleTV (via airplay) and Roku platforms. The Aereo app for Android™ is available for download for devices running Android operating system version 4.1 or higher.    Aereo membership begins at $8 per month, for access to Aereo’s cloud-based antenna/DVR technology and 20 hours of DVR storage. For an additional $4, consumers can upgrade their membership and receive 60 hours of DVR storage for a total of $12 per month. Consumers who join Aereo will get their first month of access for free.  Backed by Barry Diller’s IAC and led by CEO and Founder Chet Kanoja, Aereo launched in February 2012.

HealthCentral comprises over 30 condition-specific, wellness and general health Web properties. These include destinations for allergy, bipolar, cholesterol, high blood pressure and more. At these sites, users can read news, watch videos, interact with other patients, and search through reputable publications such as Harvard Health Publications. The company also produces the nationally syndicated television show, ''Medical Breakthroughs with Dr. Dean Edell.''   HealthCentral was acquired in 2005 by Polaris Venture Partners, The Carlyle Group, Sequoia Capital, and Allen & Company. Since then, IAC acquired a significant minority stake in the company.   HealthCentral competes with WebMD, RevolutionHealth, [iVillage](http://www.crunchbase.com/organization/ivillage) Health, and About.com Health.

[MerchantCircle](http://www.crunchbase.com/organization/merchantcircle) is the place to find great deals, expert advice & competitive quotes from the best local merchants!  [MerchantCircle](http://www.merchantcircle.com) was founded in 2005 as an online marketing platform for local business owners, and has grown into the largest online network of local business owners in the Nation. [MerchantCircle](http://www.crunchbase.com/organization/merchantcircle) makes it easy for people to find qualified businesses to provide quality services. [MerchantCircle](http://en.wikipedia.org/wiki/MerchantCircle) helps people get the advice they need from the real experts; local business owners with tons of real world experience. [MerchantCircle](http://www.merchantcircle.com) delivers competitive quotes for all the services people need on a daily basis.   [MerchantCircle](http://www.linkedin.com/organization/merchantcircle) provides small businesses with a web listing page, blogging platform, deal building tools, and many other ways for businesses to connect with new potential customers. Consumers can create profiles on [MerchantCircle](https://twitter.com/#!/MerchantCircle) to clip and keep track of coupons in real time, and post business-specific questions to the network of business owners. ''Circle'' in the company's name comes from a viral marketing strategy that encourages members (both businesses and consumers) to engage with each other to solve everyday problems.  Prior to being acquired by [Reply! Inc.](http://www.crunchbase.com/organization/reply-com) in June 2011, [MerchantCircle](http://www.merchantcircle.com) had acquired both [Bloglines](http://www.bloglines.com) and [TimeBridge](http://timebridge.com) to help deliver more offerings to local businesses!

Since 2004, Brightcove has been helping customers discover and experience the incredible power of video through its award-winning technology, empowering organizations in more than 70 countries across the globe to touch audiences in bold and innovative ways. Brightcove achieves this by developing technologies once thought impossible, providing customer support without parallel or excuses, and leveraging the expertise and resources of global infrastructure. Video is the world’s most compelling, exciting medium. Brightcove is Video That Means Business.™

MXG Media is a multimedia company providing interactive entertainment, fashion, music, and sports via convergence programming.

IAC is a media and Internet company comprised of some of the world’s most recognized brands and products, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group’s online dating portfolio, which includes Match, OkCupid and Tinder. Ranked by Fortune magazine's annual standing of the world's most admired companies in the Internet Services & Retailing sector for many years, IAC's family of websites is one of the largest in the world, with over two billion monthly visits reaching users in more than 190 countries. The company is headquartered in the Chelsea neighborhood of New York City and has business operations and satellite offices around the world. In December 2004, Expedia split from IAC as a separate publicly traded company. In December 2011, TripAdvisor spun out from Expedia. In August 2008, IAC split into five separate publicly traded companies. The four spun-off companies were HSN, Ticketmaster, Interval Leisure Group, and Tree.com. IAC's notable acquisitions include: - 2012: [The About Group](http://www.crunchbase.com/organization/about-com) - 2011: [OkCupid](http://www.crunchbase.com/organization/okcupid) - 2011: [Meetic](http://www.crunchbase.com/organization/meetic) - 2006: [Connected Ventures](http://www.crunchbase.com/organization/connectedventures), the parent company of [CollegeHumor](http://www.crunchbase.com/organization/collegehumor) - 2005: [Ask Jeeves](http://www.crunchbase.com/organization/ask-com) - 2004: [TripAdvisor](http://www.crunchbase.com/organization/tripadvisor) - 2003: LendingTree and remaining interest in Ticketmaster, Expedia and Hotels.com. - 2002: [Expedia](http://www.crunchbase.com/organization/expedia) - 1999: [Match.com](http://www.crunchbase.com/organization/match-com) - 1998: [Citysearch](http://www.crunchbase.com/organization/citysearch)

<div> IAC (Nasdaq: IAC) is a leading media and internet company headquartered in New York City. Founded over two decades ago, IAC has evolved into a diversified portfolio of digital brands and businesses focused on building innovative products and services used by millions of people worldwide. IAC's key businesses include: <ul> <li> Dotdash Meredith - A digital and print publishing company that owns brands like Better Homes &amp; Gardens, People Magazine, and Food &amp; Wine </li> <li> Angi Inc. - A digital marketplace connecting home service professionals with consumers </li> <li> Care.com - An online platform for finding family care services </li> <li> Ask Media Group - A collection of search-based websites and apps including Ask.com </li> <li> Other digital properties in areas like search, mobile apps, and online media </li> </ul> IAC utilizes a strategy of incubating and growing digital businesses before eventually spinning them off as independent public companies. To date, IAC has spun off 11 public companies including Match Group, Expedia, and LendingTree. The company continues to invest in both early-stage and established digital businesses across various sectors. In 2023, IAC reported annual revenue of USD 4.05 billion. The company is led by CEO Joey Levin and remains focused on identifying new opportunities in the digital space through both organic growth and strategic acquisitions. IAC aims to create long-term shareholder value by building and nurturing category-leading digital brands and products that serve global audiences. </div>

Latest Starship flight prompts praise and worries at IAC

A concentration of wealth and a willingness to adopt age-in-place technologies present new opportunities.

Age Tech

Tech-enabled equipment or companionship services that help elderly people function independently.

Platforms that match seniors with home care providers as well as app-based products to facilitate communication between senior families and caregivers

Tech-enabled products used to diagnose, prevent, and treat conditions common among seniors.

Remote monitoring, medical diagnosis, communication, and coordination between caregivers and families of the elderly.

Platforms that help seniors interact socially and communicate with others.

Platforms that help seniors and their families plan and make arrangements to settle the senior’s estates and affairs in the event of death.

Companies that use GenAI as a core part of their product offering for Age Tech

IAC

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