What is Heetch?
Heetch operates as a 24/7 VTC (Véhicule de Tourisme avec Chauffeur) application, distinguishing itself by offering exceptionally low commission rates for professional drivers and a focus on providing an enjoyable experience for passengers. The platform is engineered for intuitive daily transportation needs, supporting both card and cash payments for immediate driver earnings. Heetch is committed to fostering fair mobility within the industry, consistently striving to maintain the lowest commission structures available. Their dedication to customer support ensures round-the-clock assistance, reinforcing their user-centric approach.
How much funding has Heetch raised?
Heetch has raised a total of $74M across 3 funding rounds:
Series A
$12M
Unspecified
$20M
Series B
$42M
Series A (2017): $12M with participation from Alven and Via-ID
Unspecified (2018): $20M led by ID-Invest, alven, Via ID, and Felix Capital
Series B (2019): $42M supported by Total Ventures, Alven, Via-ID, Felix Capital, Innov'Allianz, Cathay Innovation, and Idinvest Partners
Key Investors in Heetch
Alven
Alven is an independent early-stage venture capital firm with 25 years of experience, focusing on partnering with relentless builders in Europe. They emphasize straightforward honesty and aim to react and execute quickly, supporting entrepreneurs throughout their journey.
Via-ID
Via Id supports new transportation startups in Paris, providing coaching, financial backing, and real-world connections to help young businesses in urban mobility grow and innovate.
Felix Capital
Felix Capital is a venture capital firm that supports entrepreneurs with innovative ideas at the intersection of technology and creativity, aiming to develop strong brands that enhance the human experience.
What's next for Heetch?
The recent major strategic investment in Heetch signals a pivotal phase for the company, likely indicating a move towards scaling operations and potentially expanding into new geographic markets or enhancing its technological infrastructure. With a foundation built on fair commissions and driver-centric policies, Heetch is well-positioned to capture a larger share of the urban mobility market. Future developments may include further integration of payment options, advanced driver support systems, and strategic partnerships to solidify its competitive edge and drive sustainable growth.
See full Heetch company page
