Fundraising Fox

Heetch

11 known investors

Heetch operates a ride-hailing app connecting passengers with drivers, positioning itself on low commission rates for drivers. The app supports payment by card or cash and offers immediate earnings for drivers.

Also known as The Heetch Co.

Investors · 11

Also in the syndicate · 3

Innov'AllianzTotal VenturesleadVia-ID

Valuation · disclosed

Disclosed events
$150Mvaluation at Series BMay 2019
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Heetch is a Paris-founded ride-hailing platform that connects passengers with professional drivers through a mobile app, operating on-demand transportation across European and African cities. The service accepts card and cash payment, provides 24/7 driver and passenger support, and positions itself on a low driver commission — 18%, described by the company as the lowest on the market — together with immediate driver earnings.

The company began in 2013 as a night-time peer-to-peer service in Paris aimed at 20-somethings travelling back to the city's outskirts and suburbs after nights out, a segment poorly served by taxis and public transport. Drivers were recruited from the same age cohort as riders. Regulators shut the original model down for using unlicensed drivers, and Heetch relaunched around professional drivers while retaining a younger, informal brand positioning. It then exported the model to francophone markets with less developed transport infrastructure.

As of the May 2019 Series B, Heetch operated in France (nine cities including Paris, Lyon, Nice and Lille), Belgium, Morocco and Ivory Coast, with Paris its largest market, Casablanca second and Brussels third; expansion to Algeria, Cameroon and Senegal was planned for later that year. Later sources describe a 24/7 service spanning seven countries in Europe and Africa, an emphasis on drivers' rights and working conditions, and community-oriented brand campaigns such as Playground Reborn.

Founding story

Heetch was started in 2013 in Paris by Teddy Pellerin and Jacob Matthieu to serve young riders returning to the Paris suburbs after late nights out, a group they judged underserved by taxis and public transport. The founders built a service they described as truly peer-to-peer, recruiting drivers of a similar age to passengers so that rides felt casual and social. The approach spread virally among millennial users but was blocked by regulators because drivers were not licensed, prompting a rebuild around professional drivers.

Business model

Heetch runs a marketplace app that matches passengers with professional drivers, taking a commission on each fare. The company markets an 18% driver commission as the lowest on the market, supports payment by card or cash, provides drivers with immediate access to earnings, and offers 24/7 support. In emerging markets it adapts its model to local rules, which can include working only with professional drivers or painting vehicles a specific colour to run a livery service.

Revenue comes from commission on rides taken through the platform, stated at 18% of the fare charged to drivers. Estimated annual revenue was placed in the $10-25 million range as of mid-2026.

Traction

At the time of the May 2019 Series B, Heetch operated in nine French cities plus Belgium, Morocco and Ivory Coast, with Paris the largest market, Casablanca second and Brussels third, and management stating it was close to profitability across its four markets. Later sources report roughly 703 employees across four continents, operations in seven countries, and estimated annual revenue of $10-25 million as of mid-2026.

Latest developments

In November 2019 an additional $4 million of Series B financing from AfricInvest was reported. In November 2020 Heetch replaced its homegrown feature flagging system with LaunchDarkly. In December 2024 Enakl was identified as a competitor in its markets, and in July 2025 Heetch launched the Playground Reborn campaign, installing 300 new nets on public courts.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Heetch claimed to be one of the top three ride-hailing players in France and market leader in Morocco following its Casablanca launch, competing with Uber and Kapten (formerly Chauffeur Privé) in France and with Careem and Enakl in North Africa. TechCrunch reported in May 2019 that the company was close to profitability in its four then-active markets and that it had received acquisition interest, including an approach from one of the largest global ridesharing platforms that was rebuffed over price.

Heetch differentiates on a lower cut taken from drivers (stated at 18%) to attract driver supply, a friendlier and less formal service positioning compared with Uber and Kapten (formerly Chauffeur Privé), cheaper fares aimed at 18-30 year-old riders, service to outer metropolitan areas that competitors avoid, and direct accessibility of management to drivers. In Morocco it partnered with major taxi unions before launching and claimed to be the only legal ride-sharing app in the country.

Technology

A consumer and driver mobile application with in-app support chat. Reported tooling includes Stripe for payments, Amazon Elastic Container Registry, the Argo Project, Sentry, Datadog, TypeScript, Slack and LaunchDarkly for feature management, which replaced an in-house feature flagging system.

Go-to-market

Growth has relied on consumer app adoption among 18-30 year-olds, a lifestyle and community-led brand (including campaigns such as Playground Reborn), driver recruitment based on low commission and immediate earnings, and market-entry arrangements with local stakeholders such as Moroccan taxi unions to secure regulatory acceptance.

Urban passengers, particularly 18-30 year-olds seeking cheaper, informal rides including to outer suburbs, alongside professional drivers seeking lower commissions and faster payouts. Markets emphasised are France, Belgium and francophone Africa.

Geography

Headquartered in Paris (198 bis rue Lafayette, 75010), with a further listed office in Barcelona, Spain. At the time of its 2019 Series B, Heetch was live in France (nine cities including Paris, Lyon, Nice and Lille), Belgium (Brussels), Morocco (Casablanca, Rabat, Marrakech) and Ivory Coast, with Algeria, Cameroon and Senegal planned. Later descriptions place operations across seven countries in Europe and Africa, with staff across Europe, Africa and North America.

History

Heetch was founded in 2013 in Paris by Teddy Pellerin and Jacob Matthieu as a nocturnal peer-to-peer ride service. Regulators shut the original service down because it used unlicensed drivers, and around the same time the company received an acquisition approach and its earliest funding from Felix Capital. Heetch rebuilt around professional drivers, expanded beyond France into Belgium, Morocco (launching in Casablanca around 2018) and Ivory Coast, and raised successive rounds reported at $12 million in 2017, $20 million in 2018 and a $38 million Series B in May 2019. Additional Series B financing of $4 million from AfricInvest was reported in November 2019. By 2025-2026 the company was described as operating across seven countries in Europe and Africa.

Risks & controversies

Heetch's original peer-to-peer model was shut down by French regulators for operating without licensed drivers, forcing a rebuild around professional drivers. The company operates in a regulated sector where it must adapt its model country by country, and competes against far larger, better-capitalised platforms including Uber.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cities served in FranceMay 20199 cities
Countries of operationJul 20267
Driver commission rateJan 202518%
EmployeesJul 2026703 employees
Estimated annual revenueJul 2026$10M - $25M
Total funding raisedMay 2019$70M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap

Companies competing with Heetch for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Jul 2025
Playground Reborn campaign launched

Heetch launched Playground Reborn, a campaign that installed 300 new nets on public basketball courts.

source ↗

Nov 2020
Heetch adopts LaunchDarkly for feature management

Heetch replaced a homegrown feature flagging system with LaunchDarkly.

source ↗

May 2019
Series B of $38M led by Cathay Innovation and Total Ventures

Heetch announced a $38 million Series B round led by Cathay Innovation and Total Ventures, with proceeds earmarked for market expansion and engineering hiring in Paris.

$38M source ↗

May 2019
Planned expansion to Algeria, Cameroon and Senegal

Following its Series B, Heetch said it operated in France, Belgium, Morocco and Ivory Coast and planned to launch in Algeria (starting with Algiers), Cameroon and Senegal later in 2019.

source ↗

Jan 2013
Original peer-to-peer service shut down by regulators

Heetch's initial peer-to-peer night-ride service, which used non-licensed drivers of similar age to riders, was shut down by regulators; the company subsequently rebuilt around professional drivers.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Heetch do?
Paris-founded ride-hailing app connecting passengers with professional drivers across Europe and Africa on a low driver commission.
Who are Heetch's investors?
Heetch's investors include AfricInvest, Aster Capital, Kima Ventures, Alven, Cathay Innovation, FELIX CAPITAL, Idinvest Partners, Via ID.