Citygoo completes third round of fundraising

Connective

By Gredy Raffin, the 25/01/2018

Citygoo boucle une troisième levée de fonds

The carpool actor who was looking for capital to finance its territorial development has just completed a fundraising of 800,000 euros.

Citygoo wants to put a whip in 2018. The start-up that evolves in the urban carpool market has just achieved a new round, the third since its inception in January 2016. Patrick Robinson Clough and Eric Feuerstein, the co-founders of Citygoo, managed to raise 800,000 euros.

This sum, obtained from seven different investors, will be used to extend the territorial coverage of the carpooling service, first in France, then in major European cities. Above all, in Citygoo’s strategy, it constitutes a step towards a raise of 5 to 10 million euros, expected at the end of the year 2018.

To date, Citygoo has a figure of 300,000 carpoolers registered on the platform. This database has 50,000 shared trips per month. Expansion will include strategic partnerships in the transportation sector and engagement with student communities.

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