What is Heetch?
Heetch operates as a 24/7 VTC app, distinguishing itself by offering exceptionally low commission rates for professional drivers and an engaging experience for passengers. The platform is engineered for intuitive daily transportation needs, supporting both card and cash payments for immediate driver earnings. Committed to fair mobility, Heetch aims to revolutionize the ride-sharing market through its competitive commission structure and robust customer support, available around the clock. The company's focus on driver welfare and passenger satisfaction positions it as a key player in the evolving urban transportation landscape.
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, Felix Capital, Via ID, and alven
Series B (2019): $42M supported by Total Ventures, Idinvest Partners, Felix Capital, Via-ID, Alven, Innov'Allianz, and Cathay Innovation
Key Investors in Heetch
Idinvest Partners
Idinvest Partners is a mid-market private equity firm based in Paris, France, specializing in financing and supporting entrepreneurs at various stages of business development.
Felix Capital
Felix Capital is a venture capital firm focused on the intersection of technology and creativity, supporting entrepreneurs with innovative ideas to build strong brands that enhance human experience.
Via-ID
Via-ID assists new transportation startups in Paris, providing coaching, financial backing, and connections to help young businesses in urban mobility grow and innovate.
What's next for Heetch?
With the recent major strategic investment, Heetch is poised for accelerated growth and market penetration. The company is likely to leverage this capital to enhance its technological infrastructure, expand its operational footprint into new territories, and further refine its driver-centric business model. Continued investment in innovation, particularly in areas like sustainable mobility and enhanced user experience, will be crucial for maintaining its competitive edge. The backing from prominent investors suggests confidence in Heetch's long-term vision and its capacity to disrupt the traditional ride-sharing market.
See full Heetch company page
