Heetch

Transportation ServicesSeries BParis, Franceheetch.com

Latest round

Series B

Last raised

Dec 2019

Total raised

$50M

Investors

8

About Heetch

Heetch SAS, founded in 2013 in Paris, France, operates a ride-hailing service aimed at addressing urban transportation needs. The company has pivoted its business strategy to focus on competitive pricing and user experience. The founders, Mathieu Jacob, Mickael Honorine, and Nicolas Lapomarda, have been integral in shaping the company's direction. Patrick Pedersen currently serves as CEO.Heetch is a mobility service provider that primarily offers a ride-hailing application, connecting passengers with professional drivers across various geographical markets. The core product, the Heetch app, is designed for ease of use, allowing customers to book rides conveniently with options for payment via card or cash. The service addresses urban transportation challenges by facilitating quick and reliable travel solutions for everyday users, particularly in major cities such as Paris, Marseille, and Lyon in France, while also expanding operations in other European and North African markets.Heetch generates revenue primarily through ride commissions, charged as a percentage of the fare collected from customers.80 for the same period. The straightforward transaction structure, calculating ride fares based on distance and time, ensures transparency for both drivers and passengers. The competitive commission rate supports Heetch's strategy to attract a larger client base, consisting of individual riders and professional drivers seeking flexible work opportunities. The company aims to launch new product features designed to improve user experience and increase operational efficiency. Specific target regions include additional European cities and markets in North Africa.

Who invested in Heetch

8 investors across 3 rounds

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Funding rounds

  1. Series B

    Dec 11, 2019

    Amount

    $4.3M

    Investors

    Locked

  2. Series B

    May 8, 2019

    Amount

    $38M

    Investors

    Locked

  3. Series A

    Feb 17, 2018

    Amount

    $8.1M

    Investors

    Locked

Questions about Heetch

Who invested in Heetch?

Heetch has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Heetch raised?

Heetch has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Heetch last raise money?

Heetch's most recent round on record is a Series B, in Dec 2019.

What does Heetch do?

Heetch SAS, founded in 2013 in Paris, France, operates a ride-hailing service aimed at addressing urban transportation needs.

Where is Heetch headquartered?

Heetch is headquartered in Paris, France.

Which VCs invest in companies like Heetch?

Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back transportation services companies at Heetch's stage. Their profiles are linked below.

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