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Kyte Closes $60M Series B In Pursuit Of Becoming The World's Largest Operator Of Electrified Fleets

PRIVATENov 10, 2022

Amount Raised

$60 Million

Round Type

Series B

San FranciscoConsumer GoodsTransportation

Description

Kyte (https://kyte.com), the company pioneering cars delivered to you on-demand for daily, weekly or monthly use, today announced $60M in Series B growth equity financing. The round is led by InterAlpen Partners, whose founder, Stephen George - an early investor in Tesla and SpaceX - is joining Kyte's Board. Other new investors include Valor Equity Partners, Anthemis, Citi Ventures, and Hearst Ventures, with significant participation from existing investors DN Capital plus 1984 Ventures, FJ Labs, and Urban Innovation Fund. This round brings Kyte's total funding to approximately $300M across equity and debt.

Quick answer

Kyte raised $60 Million in a Series B round, dated November 10, 2022. Kyte is based in San Francisco, California, United States.

How much did Kyte raise?
Kyte raised $60 Million in a Series B round on November 10, 2022.
What does Kyte do?
At Kyte, we’re reimagining transportation and bringing the cities back to the people.
Where is Kyte based and how big is it?
Kyte is based in San Francisco, California, United States.
Who are the decision-makers at Kyte?
Fundz holds 1 contact at Kyte, including the Vice President Finance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Consumer Goods and Transportation around the same time

Companies in the same sectors as Kyte that raised within 45 days of this round, from Fundz verified event records.

  • Atomos Space raised $16M on December 22, 2022.
  • Blacklane raised an undisclosed amount on December 21, 2022.
  • Frayt Technologies raised $6.4M on December 19, 2022.
  • Bumble Bee Flights raised $37M (Funding Round) on December 13, 2022.
  • Quantum Space raised an undisclosed amount (Funding Round) on December 13, 2022.
  • NAVYA raised $32M on December 12, 2022.

Who to call at Kyte, and when

A new round usually means Kyte is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Kyte

Location

San Francisco, California, United States

About

At Kyte, we’re reimagining transportation and bringing the cities back to the people. We are dedicated to finding the perfect balance of technological and operational excellence, all while ensuring a seamless and magical customer experience. Our ridiculously ambitious team is trailblazing a new category of transportation. Within this, we’ve cultivated a values-first culture, with a team empowered to be bold, be humble, and take ownership. We are a global team made up of incredibly talented individuals that love to be challenged and have fun together! We are hiring across several departments - in San Francisco, Munich, or remote. https://jobs.lever.co/drivekyte Kyte’s Founding Story Nikolaus, Francesco and Ludwig formed a joint vision of a better and more efficient transportation system in the Bay Area in mid 2018 after they all had come over from Germany on very different routes. They shared a passion for transportation and had all dedicated their careers to different elements of the transportation landscape: Nikolaus was a machine learning engineer at Uber and Uber Eats. Francesco built consumer apps for BMW car sharing. Ludwig worked with Auto Manufacturers on preparing them for the future of mobility at McKinsey. Kyte is going after an incredibly large existing market that is characterized by poor experiences and inefficient attempts that don’t solve the one important customer need - convenience. Through technology we are able to achieve an unparalleled level of convenience.

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Related People

1 contact
Verified contactsDave A., Vice President Finance hidden hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Kyte raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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