Key Features :
- Turo: Peer-to-peer car sharing with trust via reviews.
- Splacer: Unique event space booking with seamless experience.
- Nomady: Eco-friendly travel marketplace focused on sustainability.
- Customer-Centric: Emphasis on trust, transparency, and service.
- Sharetribe Flexibility: Scalable and customizable platform for growth.
In 2023, Turo reported revenues of $880 million, representing an 18% year-over-year increase from $747 million in 2022. Turo experienced significant growth during the COVID-19 pandemic, with revenues surging by 213% in 2021 to $469 million. This rapid growth was fueled by supply constraints at traditional rental companies such as Enterprise, Avis, and Hertz, which sold large portions of their fleets to capitalize on high used car prices during the pandemic. The resulting shortage of rental vehicles, combined with pent-up travel demand as restrictions eased, created ideal market conditions for Turo’s peer-to-peer car-sharing model.
However, Turo’s 2023 revenue growth reflects a deceleration in a more stable competitive environment, as traditional rental companies have rebuilt their fleets and pricing has become less volatile. The company’s most recent private valuation was $1.25 billion during its Series E funding round in 2019, led by IAC and other investors. Based on Turo’s 2023 revenue of $880 million, this valuation implies a revenue multiple of approximately 1.4x.
Another example is Splacer, a marketplace for booking unique event spaces. Splacer empowers venue owners to list their properties and event spaces while offering renters a seamless booking experience. The platform’s success can be attributed to its exceptional focus on both sides of the transaction—ensuring that venue owners have an easy way to showcase their spaces, while renters can browse listings and secure bookings without the hassle. By offering advanced features such as space customization options, flexible rental agreements, and transparent pricing, Splacer has built a trusted community of users who continue to rely on the platform for their event planning needs.
Splacer’s annual revenue is estimated at $1.6 million, with its peak revenue also recorded at $1.6 million in 2023. The company employs approximately 30 people, resulting in a revenue-per-employee ratio of $52,232, according to an analysis conducted by Zippia’s data science team. These metrics reflect the company’s operational scale and financial efficiency in the competitive event space rental market.
The company has secured total funding of $10.7 million over multiple rounds, including a $3 million Series A round in January 2019.The global shared event venue market is projected to grow significantly in the coming years, indicating potential opportunities for Splacer to expand its market presence.
Nomady, a Swiss-based platform connecting travelers with private campsites, has demonstrated notable growth since its inception in 2019. The company has secured a total funding of $2.2 million from investors including Schwyzer Kantonalbank, Swisspreneur Syndicate, André Lüthi, Innofund.vc, and Roland Brack.
Summary
Each of these marketplaces built on Sharetribe has achieved success by prioritizing customer satisfaction, building trust, and fostering communities of users who find genuine value in the platforms. These case studies demonstrate the power of Sharetribe to help entrepreneurs create thriving online marketplaces that meet the evolving needs of their customers. Whether you’re looking to build a peer-to-peer rental marketplace, a service exchange, or an e-commerce platform, Sharetribe offers the tools and flexibility to bring your vision to life and achieve long-term success.
FAQs
Q1: What is Sharetribe?
A: Sharetribe is a platform that allows entrepreneurs to create customizable online marketplaces with flexible features and a user-friendly interface.
Q2: What types of marketplaces can be built with Sharetribe?
A: Sharetribe supports various marketplace types, including peer-to-peer rentals, service exchanges, and e-commerce platforms.
Q3: How does Turo operate on Sharetribe?
A: Turo allows car owners to rent out their vehicles directly to users, ensuring trust through reviews, verification, and responsive support.
Q4: What makes Splacer successful?
A: Splacer provides a seamless experience for booking unique event spaces, offering features like space customization, flexible rentals, and transparent pricing.
Q5: How does Nomady cater to eco-conscious travelers?
A: Nomady connects travelers with eco-friendly accommodations, focusing on personalized recommendations, sustainability, and customer satisfaction.
Q6: What contributes to the success of Sharetribe marketplaces?
A: Successful Sharetribe marketplaces prioritize customer satisfaction, trust-building, strong user communities, and scalable platforms.
Q7: Can Sharetribe support niche marketplaces?
A: Yes, Sharetribe is highly customizable, making it suitable for building niche marketplaces tailored to specific industries or audiences.
