Betterway
Latest round
- Series A
Last raised
- Jan 2021
Total raised
- $1.8M
Investors
- 3
About Betterway
Founded in 2019 in Suresnes, France, Betterway SAS offers a mobility solution that allows employees to access various transportation modes. The co-founders include Alain Mady-Fetherstone, Christian Cox, Denis Saada, Eugenia Alliegro, and Tsadok Eliyahu, with Denis Saada serving as the CEO.Betterway offers a comprehensive mobility solution aimed at enhancing employee transportation options for companies across France. Their core product, the Betterway mobility pass, is a sustainable mobility budget provided by employers that allows employees to access a wide range of transportation modes for their commutes, including public transit, bike-sharing, and other green mobility solutions. The service is accessible through a user-friendly web application that allows employees to track their budgets and manage payments seamlessly. Betterway's platform supports over 12,000 mobility merchants across France, enabling users to purchase tickets for public transport, rent bikes, and even buy equipment related to transportation.Betterway generates revenue through partnerships with businesses that provide their employees access to the mobility pass program. The company operates on a B2B model, signing various employers who contribute to their employees' mobility budgets. Each employer can allocate funds of up to EUR 700 per employee annually under the Forfait Mobilités Durables, ensuring compliance with URSSAF regulations. Transactions generally occur as employers fund their employees' mobility accounts, which can then be used for various transportation expenses. The company is exploring the development of new product features aimed at further integrating sustainable mobility options. Future growth plans include expanding its operations into additional regions of France and potentially into neighboring countries, aiming for a broader market presence by 2025.
Who invested in Betterway
3 investors across 1 round
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Funding rounds
Series A
Jan 4, 2021
Amount
$1.8M
Investors
Questions about Betterway
Who invested in Betterway?
Betterway has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Betterway raised?
Betterway has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Betterway last raise money?
Betterway's most recent round on record is a Series A, in Jan 2021.
What does Betterway do?
Founded in 2019 in Suresnes, France, Betterway SAS offers a mobility solution that allows employees to access various transportation modes.
Where is Betterway headquartered?
Betterway is headquartered in Suresnes, France.
Which VCs invest in companies like Betterway?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Betterway's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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