Kyte
Company

Last deal

$250M

Amount

Debt Financing

Stage

15.03.2024

Date

3

all rounds

$549M

Total amount

date founded

Financing round

General

About Company
Kyte offers on-demand cars delivered to customers' doorsteps in 10+ cities in the US.

Industry

Sector :

Subsector :

Also Known As

UMI Systems

founded date

01.01.2019

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

Kyte's online car rental platform provides customers with car cleaning and refueling services, allowing them to travel without the need to purchase personalized cars. Kyte's team is dedicated to finding the perfect balance of technological and operational excellence while ensuring a seamless and magical customer experience. The company's founders shared a passion for transportation and dedicated their careers to different elements of the transportation landscape. Kyte aims to solve the customer need for convenience in an inefficient market through technology.
Contacts

Contact Email

Phone number

Social url

Legal Names

Legal name

Kyte Systems Inc
Similar Companies
985
Upshift

Upshift

Upshift offers a convenient car-sharing platform as an alternative to car ownership.

Sector

Automobiles and Parts

Subsector

Auto Services

Keywords

Leasing, Automotive, Apps

Location

San Francisco, CA, USA

total rounds

10

total raised

$3.09M
Stepni.com

Stepni.com

Stepni is an Indian online platform that connects vehicle owners with service providers like mechanics, garages and car accessory outlets.

Sector

Automobiles and Parts

Subsector

Auto Services

Location

Bengaluru, Karnataka, India
GoMechanic

GoMechanic

GoMechanic is an online car servicing platform that allows users to schedule their car servicing online in a hassle-free manner.

Sector

Automobiles and Parts

Subsector

Auto Services

Location

Gurugram, Haryana, India

total rounds

10

total raised

$65.86M
Valet Anywhere (VA)

Valet Anywhere (VA)

Valet Anywhere offers a mobile valet service for convenient car pick-up and drop-off anywhere in the city or airport.

Sector

Automobiles and Parts

Subsector

Auto Services

Keywords

Real Estate, Automotive, Transportation

Location

New York, NY, USA

total rounds

4

total raised

$2.55M

Financials

Funding Rounds
12
3

Number of Funding Rounds

$549M

Money Raised

Their latest funding was raised on 15.03.2024. Their latest investor Alumni Ventures. Their latest round Debt Financing

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Waterfall Asset Management

Waterfall Asset Management

Waterfall Asset Management is an institutional asset manager focused on structured credit and private equity investments.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Asset Management, Finance

Location

New York, NY, USA

count Of Investments

27

count Of Exists

3
Barclays

Barclays

Barclays is a global bank that provides a range of products and services to consumers and businesses.

Sector

Banks

Subsector

Banks

Keywords

Banking, Financial Services, Wholesale

Location

New York, NY, USA

total rounds

1

total raised

$316.8M

count Of Investments

24
Alumni Ventures

Alumni Ventures

Alumni Ventures Group provides diversified venture portfolios to individual investors.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Location

Manchester, NH, USA

total rounds

2

total raised

$500K

count Of Investments

1419

count Of Exists

91
Co-Investors
Investors
33
9

Number of lead investors

33

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Debt Financing
Yes
Debt Financing
Alumni Ventures

Alumni Ventures

Alumni Ventures Group provides diversified venture portfolios to individual investors.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Location

Manchester, NH, USA

total rounds

2

total raised

$500K

count Of Investments

1419

count Of Exists

91
Todd McIntyre

Todd McIntyre

Todd McIntyre is a Managing Partner at Spike Ventures, an Alumni Ventures fund. He has more than 20 years of experience as a venture capital investor, entrepreneur, and senior technology operating executive, as well as deep knowledge of intellectual property and IP licensing. He has worked with capital structures ranging from seed stage investments to public offerings and has experience in many sectors, including consumer media and web, optoelectronics, telecoms, cleantech, and healthcare. Most recently, he was founding Managing Partner of Grey Sky Venture Partners, a life sciences and digital health fund that pioneered a venture finance model combining early-stage capital with fund-owned intellectual property. He also served as a senior business leader in a technology incubator fund, where he led efforts to build, fund, and spin out several new deep tech businesses. Todd received his BA from Hendrix College and holds an MBA from Stanford Graduate School of Business.

Waterfall Asset Management

Waterfall Asset Management

Waterfall Asset Management is an institutional asset manager focused on structured credit and private equity investments.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Asset Management, Finance

Location

New York, NY, USA

count Of Investments

27

count Of Exists

3
Barclays

Barclays

Barclays is a global bank that provides a range of products and services to consumers and businesses.

Sector

Banks

Subsector

Banks

Keywords

Banking, Financial Services, Wholesale

Location

New York, NY, USA

total rounds

1

total raised

$316.8M

count Of Investments

24

People

Founders
4
Ludwig Schoenack
Ludwig Schoenack

Ludwig Schoenack

Ludwig is the Co-Founder of KYTE, which he recently launched in San Francisco. KYTE aggregates fleets of cars and delivers those cars to people who want to drive them. Ludwig grew up in Germany, studied in St. Gallen while working part time for Red Bull. After 5 years in consulting, at KPMG and McKinsey&Company he recently got his MBA at UC Berkeley Haas School of Business while working in VC and starting his own company in Silicon Valley.

current job

McKinsey & Company
McKinsey & Company

organization founded

1

Ludwig Schoenack

Francesco Wiedemann
Francesco Wiedemann

Francesco Wiedemann

Francesco Wiedemann is the Co-Founder at Kyte. Prior to that, he was the Product Manager for Shared Mobility of BMW Group.

current job

Kyte
Kyte

organization founded

1

Francesco Wiedemann

Nikolaus Volk
Nikolaus Volk

Nikolaus Volk

Nikolaus Volk is the Co-Founder at Kyte. He was Uber's Software Engineer II and the Data Scientist and Machine Learning Engineer at iRhythm Technologies before that.

current job

Kyte
Kyte

organization founded

1

Nikolaus Volk

Ludwig Schoenack
Ludwig Schoenack

Ludwig Schoenack

Ludwig Schoenack is the Co-Founder at Kyte. He was the Venture Partner of Contrary and a Fellow Senior Associate at McKinsey & Company before that.

current job

Kyte
Kyte

organization founded

1

Ludwig Schoenack

Employee Profiles
27
Nick Cobb

Nick Cobb

VP of Engineering

Grace Huiberts

Grace Huiberts

Chief Of Staff

Chandra Morando

Chandra Morando

Chief Operating Officer

Bernhard Hausleitner

Bernhard Hausleitner

Data Product Engineer

Bala Pichumani

Bala Pichumani

Growth and Operations

Gabe Nudel

Gabe Nudel

General Manager

Ansell Borges

Ansell Borges

General Manager

Viky Banchs

Viky Banchs

Central Operations Manager

Activity

Recent News
1