New proof of the enthusiasm of investors for car pooling. The start-up of Olivier Binet, Karos, has completed a tour de table amounting to 4.2 million euros.
The competition is raging on the carpool market. In the middle of a series of strikes at the SNCF, the alternative mobility solution signs a new fundraiser. This time, it is Karos, the start-up of Olivier Binet, who managed to collect a sum of 4.2 million euros, it was announced in a press release on April 16, 2018.
This financial reinforcement should allow Karos to support its development effort, in particular “to grow a very large community of users and support [its] corporate customers and communities,” says Olivier Binet, the president and co-founder. The two branches of activity, Karos Territories and Karos Enterprises, will benefit from the resources.
This sum of 4.2 million euros sets a new record in the car-to-work carpooling sector. It is to the credit of investors among which include Aster (venture capital), Alto Invest (management specializing in the financing of innovative SMEs), Aglaé Ventures (Groupe Arnault investment program), Financière Saint James, Family Office of Michael Benabou (co-founder of vente-privée.com) or Xavier Niel, Franck Le Ouay (co-founder of Criteo) and Charles Egly (co-founder of Younited Credit).
There are almost two months, let’s remember, Klaxit, direct competitor of Karos, had announced the closing of a round of € 3 million, from Sodexo Ventures, Maif Avenir, RATP Dev and INCO (Aviva France). Here again, the motivations were the territorial extension.