What is DOON?
DOON PH distinguishes itself as the Philippines' first fully insured peer-to-peer online car sharing platform. It provides a wide array of vehicles for rent, catering to both individuals seeking convenient self-drive options and car owners looking to monetize their vehicles. The platform's commitment to safety and customer satisfaction is reinforced by comprehensive insurance coverage and supplementary services such as roadside assistance. Through its intuitive mobile application, DOON simplifies the process for users to discover and rent vehicles for various needs, from daily commutes to travel adventures.
How much funding has DOON raised?
DOON has raised a total of $1.5M across 1 funding round:
Other Financing Round
$1.5M
Other Financing Round (2024): $1.5M with participation from Esquire Financing
Key Investors in DOON
Esquire Financing
Esquire Financing is a prominent financial institution in the Philippines, specializing in providing accessible small business loans and financing solutions for SMEs. They are known for their quick approval processes and minimal collateral requirements, aiming to empower local entrepreneurs and foster business growth through tailored financial support.
What's next for DOON?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for DOON. This capital infusion is expected to fuel expansion initiatives, potentially including enhancements to its technological infrastructure, broader market penetration across the Philippines, and the introduction of new service offerings. The company's focus on a secure and user-friendly platform, coupled with its unique insurance proposition, positions it for continued leadership in the Philippine car sharing market.
See full DOON company page
