Corporate venturing units InnovAllianz and Via ID both invested in the France-based ride hailing service as it prepares to expand geographically.
France-based ride hailing platform operator Heetch has closed a $20m funding round backed by insurance group Allianz and auto servicing and parts provider Mobivia.
The round also featured venture capital firms Felix Capital and Alven, and private equity firm Idinvest Partners, while Allianz invested through its InnovAllianz corporate venturing unit, and Mobivia through its Via ID investment fund.
Heetch’s app-based ride hailing service began life in 2013 using casual, unlicensed drivers, but was forced to shut down in March 2017…
