- Sector: Media & Internet
- Deal Type: Founder-led Businesses; Private and Growth Capital
- Engagement type: Fundraise
- Size: $42 million
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Heetch in connection with the transaction, which sees investments by Cathay Innovation, Total Ventures as well as existing investors Idinvest Partners, Alven, Felix Capital and Via-ID.
Heetch aims to make mobility services in large European and African cities more affordable, accessible and responsible. The company was launched in France in 2013 under a peer-to-peer model and set out to solve the urban transportation needs of the younger generations. Heetch pivoted successfully to a professional driver model at the beginning of 2017. Heetch currently operates in France, Belgium, Morocco and Ivory Coast, with plans to launch in many more European and African cities in the near future.
The transaction highlights Arma Partners’ commitment to European-based disruptors and challengers with great potential and the founders and teams behind them. It also builds on the firm’s track record in raising growth capital for digital marketplaces, in the mobility space and in France.