DJIA51621.48 -48.62
S&P 5007718.94 -86.51
NASDAQ26692.87 -511.51
Russell 20002729.53 -53.84
German DAX25298.61 38.71
FTSE 10010724.86 74.53
CAC 407873.11 45.48
EuroStoxx 506187.55 22.90
Nikkei 22567744.29 -33.23
Hang Seng24314.17 -31.05
Shanghai Comp3767.23 -33.63
KOSPI6008.81 -26.54
Bloomberg Comm IDX144.07 -0.80
WTI Crude-fut106.05 -0.20
Brent Crude-fut95.15 0.41
Natural Gas3.27 -0.04
Gasoline-fut3.26 0.01
Gold-fut4125.20 -58.50
Silver-fut55.77 -3.60
Platinum-fut1607.10 -61.90
Palladium-fut1096.00 -33.00
Copper-fut6.61 -0.12
Aluminum-spot3195.00 0.00
Coffee-fut296.75 3.55
Soybeans-fut1277.50 -5.25
Wheat-fut673.50 5.25
Bitcoin81651.61 -1803.37
Ethereum USD2413.75 -95.76
Litecoin59.37 -1.97
Dogecoin0.08 0.00
EUR/USD1.1192 0.0039
USD/JPY158.27 -0.31
GBP/USD1.3258 0.0043
USD/CHF0.8330 -0.0018
USD IDX102.53 0.33
US 10-Yr TR5.194 -0.023
GER 10-Yr TR3.4413 -0.0249
JAP 10-Yr TR3.002 0.002
Fed Funds4 0
SOFR3.89 0.02
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Financial Advisory  + Private Equity  + Wealth Management  |  November 10, 2022
On Demand Car Rental Kyte Raises $60M in Series B Funding
Joe Palmisano
By: Joe Palmisano

On Demand Car Rental Kyte Raises $60M in Series B Funding

On-demand car rental company Kyte has closed a $60 million Series B round following $200 million in funding in March. 

The round brings total funding to approximately $300 million across equity and debt, led by InterAlpen Partners, whose founder, Stephen George – an early investor in Tesla and SpaceX – is joining Kyte’s Board.  

Valor Equity Partners, Anthemis, Citi Ventures, and Hearst Ventures, and existing investors DN Capital and 1984 Ventures, FJ Labs, and Urban Innovation Fund, participated in the latest round. 

Kyte delivers cars on demand for all trips longer than a rideshare. Through the mobile app on iOS, Android, or website, customers can book a car for a day, multiple days, multiple weeks, or months. 

Kyte plans to accelerate product development, triple its fleet and expand in new and existing markets. Kyte says it has experienced 5x growth since its $30 million Series A funding in 2021. 

Connect

Inside The Story

Kyte

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints