Luxe Could Be Getting $50M From Hertz At $110M Pre-Money Valuation

Luxe is in talks with a strategic investor that will infuse the company with “tens of millions” in new financing from Hertz, our sources tell us.

One source tells us that the round could be around $50 million at a pre-money valuation above $110 million. This source also suggested that existing investors may participate in this round. Our understanding is that the round is still getting finalized, and details could change.

The Information also reported that the funding round is coming from Hertz, and said the round is coming in at a more than $100 million pre-money valuation. This round, according to our sources, has been in the works for a while — as far back as last quarter, when it seemed that it would not be able to close a new round of financing. Our sources stressed…

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