Kyte - About the company
Kyte is an acquired company based in San Francisco (United States), founded in 2006 by Nikolaus Volk, Ludwig Schoenack and Francesco Wiedemann. It operates as an App-based car rental platform. Kyte has raised $99.6M in funding from investors like Sterling Road, Park West Asset Management and InterAlpen Partners. The company has 942 active competitors, including 81 funded and 70 that have exited. Its top competitors include companies like Lime, Turo and Zipcar.
Company Details
App-based car rental platform. Users can rent vehicles by providing location, user details, payment details, preferred dates, and more. The app is available for both Android and iOS devices.
- Website
- kyte.com
- Email ID
- *****@drivekyte.com
Key Metrics
Founded Year
2006
Location
San Francisco, United States
Stage
Acquired
Total Funding
$99.6M in 7 rounds
Latest Funding Round
Investors
Ranked
12th among 942 active competitors
Employee Count
78 as on Dec 31, 2022
Exit Details
Acquired by Piksel (Jan 31, 2011)
Legal entities associated with Kyte
Kyte is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
KYTE SYSTEMS INC. CIN: 83-1607339 , United States, Active | Aug 05, 2018 | - | 55 (As on Dec 31, 2021) | - |
KYTE SYSTEMS INC CIN: 831607339 , United States, Active | Dec 31, 1999 | - | 78 (As on Dec 31, 2022) | - |
Kyte's acquisition details
Kyte got acquired by Piksel on Jan 31, 2011 at an acquisition amount of $77.2M. It was facilitated by GrowthPoint Technology Partners.
Click here to take a look at Kyte's acquisition in detail
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Kyte's funding and investors
Kyte has raised a total funding of $99.6M over 7 rounds. Its first funding round was on May 15, 2007. Its latest funding round was a Conventional Debt round on Mar 18, 2024 for $*****. 2 investors participated in its latest round. Kyte has 35 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Kyte:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 18, 2024 | 4770638 | Conventional Debt | 9012343 | 1529711 | 9841664 | 7588729 |
Nov 10, 2022 | 8805259 | Series B | 2363979 | 8927662 | 2762627 | |
Mar 24, 2022 | 9028274 | Conventional Debt | 3992262 | 8755737 | 4693019 |
View details of Kyte's funding rounds and investors
Kyte's founders and board of directors
Founder? Claim ProfileThe founders of Kyte are Nikolaus Volk, Ludwig Schoenack and Francesco Wiedemann. Nikolaus Volk is the CEO of Kyte.
Here are the details of Kyte's key team members:
- Nikolaus Volk: Co-Founder & CEO of Kyte. They serve on the board of 1 company.Contact Info: 1 email address
- Ludwig Schoenack: Co-Founder of Kyte. They serve on the board of 1 company.
- Francesco Wiedemann: Co-Founder of Kyte and founder of 2 other companies, Knowlix and Knowlix. Contact Info: 2 email addresses
Kyte's Board of Directors
Kyte's board has 4 active members. Nikolaus Volk, Ludwig Schoenack, Steve Schlenker and Franziskus Wiedemann are independent board members.Here is the list of Kyte's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 5y 2m | |
g{wkhms | Independent board member | - | Current | 9y 7m |
g{mwaza | Independent board member | - | Current | 4y 9m |
jqchcef | Independent board member | - | Current | 8y 5m |
View details of Kyte's Founder profiles and Board Members
Kyte's employee count trend
Kyte has 78 employees as of Dec 22. The total employee count is 42.0% more than what it was in Dec 21. Here is Kyte's employee count trend over the years:
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Kyte's Competitors and alternates
Top competitors of Kyte include Lime, Turo and Zipcar. Here is the list of Top 10 competitors of Kyte, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Lime 2017, San Francisco (United States), Series D | App-based rental platform providing self-drive electric kick-scooter | $1.71B | 82/100 | |
2nd | Turo 2010, San Francisco (United States), Series F | App-based P2P car rental platform | $523M | 82/100 | |
3rd | Zipcar 2000, Boston (United States), Acquired | Operator of a network providing on-demand access to shared vehicles | $60.7M | 74/100 | |
4th | Getaround 2011, San Francisco (United States), Acquired | App-based peer-to-peer carsharing platform | $736M | 72/100 | |
5th | Online platform offering rental cars and trucks | - | 70/100 | ||
6th | GreenMobility 2015, Copenhagen (Denmark), Public | Operator of an electric vehicle rental service via mobile application | - | 67/100 | |
7th | Socar 2012, Jeju-si (South Korea), Public | Online platform that offers station-based car rental services | $421M | 67/100 | |
8th | Self drive car rental platform | $69.2M | 67/100 | ||
9th | MILES Mobility 2018, Berlin (Germany), Series C | App-based car rental platform | $5.68M | 66/100 | |
10th | VeoRide 2017, West Lafayette (United States), Series A | App-based platform offering multi-category electric vehicle rental services | $16M | 65/100 | |
12th | Kyte 2006, San Francisco (United States), Acquired | App-based car rental platform | $99.6M | 64/100 |
Looking for more details on Kyte's competitors? Click here to see the top ones
Kyte's Investments and acquisitions
Kyte has made no investments or acquisitions yet.
News related to Kyte
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Rental car startup Kyte slashes staff and shrinks to two markets in bid for survivalTechCrunch+•Oct 26, 2024•Kyte
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Kyte Secures $250M in Asset-Backed Debt with Barclays and Waterfall to Scale FleetPR Newswire•Mar 19, 2024•Kyte, Barclays, Waterfall
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Visio.ai, a startup that increases the profitability of physical retail, receives seed funding of R$12 millionnoticiasdabolsa.com.br•Mar 12, 2024•Visio, DGF, Alexia Ventures, Solides and 6 others
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Kyte's On-Demand Car Delivery Launches in Atlanta as Part of Continued Growth StrategyMetro Atlanta CEO•Apr 20, 2023•Kyte
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