Hertz

Hertz

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Investment Firm

Overview

Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally.

Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi, and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program.

The company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 355 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors.

Highlights

Founded

1918

Industry

Transportation

Employees

10001+

Investment

2

Lead Investment

2

Exits

1

Stages

Early Stage Venture

Investor Type

N/A

Location

Naples, Florida, United States, North America

Contact Information

Social

Profile Resume

Hertz, established in 1918 and headquartered in United States, North America., specializes in Early Stage Venture investments across Transportation, Logistics, Parking, Financial Services, Venture Capital, Finance, Information Technology, Internet, Travel, Rental. The organization boasts a portfolio of 2 investments, with an average round size of $34.5M and 1 successful exits. Their recent investments include Luxe, Redpoint, Venrock, UFODRIVE, Pario Ventures. The highest investment round they participated in was $3.3B. Among their most notable exits are Luxe and Redpoint. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Stephen M. Scherr

Stephen M. Scherr

Chief Executive Officer

imagePlace Kevin M. Sheehan

Kevin M. Sheehan

Member of the Board of Directors

imagePlace Ned Ryan

Ned Ryan

Chief Product Development Officer

imagePlace Tom Kennedy

Tom Kennedy

Senior Executive Vice President and Chief Financial Officer

imagePlace Brandon Mendoza

Brandon Mendoza

Vice President Of Product Management

imagePlace Liz Bowyer

Liz Bowyer

Executive Vice President, Corporate Affairs

Investment portfolio

Hertz has made 2 investments. Their most recent investment was on Feb 15, 2022, when UFODRIVE raised $19.0M.

investments

2

Diversity investments

0

Lead investments

2

Number of exits

1

Investments

2

Annouced DateOrganization NameIndustryMoney Raised
Apr 07, 2016
Luxe Luxe
Transportation50.0M
Feb 15, 2022
UFODRIVE UFODRIVE
Information Technology19.0M

Exits

1

Funding Timeline

Funding rounds

2

Investors

0

Funds

0

Funding Rounds

2

Hertz has raised 2 rounds. Their latest funding was raised on Feb 15, 2022 from a Series A - UFODRIVE round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Apr 07, 2016
Series B - Luxe Series B - Luxe
-50.0M-
Feb 15, 2022
Series A - UFODRIVE Series A - UFODRIVE
-19.0M-

Investors

1

Investor NameLead InvestorFunding RoundMoney Raised
-No
Post-IPO Debt - Hertz
1000.0M

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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