Paris based ride sharing app Heetch has raised $20 million financing. The round was led by Felix Capital with participation from Alven Capital, Via-ID, Idinvest Partners and InnovAllianz. This is followed by a capital injection of $12 million last September.
Launched in September 2013 as a night-time only P2P ride-sharing platform, but the service had to shut down in March 2017 due to a court decision. It has now pivoted to provide 24/7 services to its customers and only works with professional drivers.
The fundraising will be leveraged to expand the technology team as well as to accelerate growth in all markets. Heetch is currently available in 10 cities in 5 different countries — France, Belgium, Italy, Sweden and Morocco. It plans to launch soon in London post the funding round.
“For most drivers, ride-sharing platforms look like cold and unbreakable strong-boxes. Heetch is quite the opposite. It’s an open and human partner for drivers: we are available for them, they can meet us, contact us, etc. We work continuously with them in order to create the best environment to make them happy about their job.” says cofounder Teddy Pellerin.
The platform wants to compete with Uber. But Uber isn’t the only challenger in France. Chauffeur-Privé, Le Cab and Taxify are part of the crowded ride-sharing market in France.