Alven takes part to a €10M round in Heetch, led by Felix Capital alongside Via-ID.

Emblematic brand for young Parisians, Heetch is known for its friendly service both for passengers and drivers. Heetch, his team and its founders have the ambition to make people enjoy their night by creating a friendly mobility solution adapted to young people’s expectations.

 

A 6 months’ reconstruction and a €10 million fundraising

6 months ago, Heetch had to suspend its ridesharing service following a French court decision. Shortly after, Heetch came back with a ride-hailing service and a carpooling offer, both only available at night. Six months later, Heetch handles more than 70,000 rides per week and works with 5,000 professional drivers.

The team’s resilience and intact ambition convinced Felix Capital to lead investment alongside its existing investor, Alven and Via ID to carry out a round of €10 million. This investment will be used to strengthen the team and accelerate Heetch’s expansion on the French and international markets.

The company wants to quickly open new cities, including London in a few months, and have 50% of their business coming from international markets by 2019.

 

Key figures about Heetch :

  • More than 70.000 rides per week
    • LE PRO: 40.000 rides per week
    • LA BASE: 30.000 rides per week
  • 5.000 professional drivers
  • Service available in France (6 cities), Belgium, Sweden and Italy
  • 2 new countries before the end of 2017