LD&A Jupiter advises TravelerCar (Paris, France), the P2P car-sharing service for travelers, on its 5 million euro fundraising with MAIF Avenir.
Launched in 2014, TravelerCar offers a turnkey solution for travelers transiting through transport hubs to rent vehicles from other travelers who in turn benefit from free parking and a kilometric allowance fee. The company’s service has already been endorsed by more than 100,000 users in France, Belgium, the Netherlands and Switzerland.
“This fundraising confirms TravelerCar’s leadership and will help us both accelerate our European development and continue innovating to provide leading customer experience” explains Ahmed Mhiri, TravelerCar CEO.
“Led by a talented team, TravelerCar is one of the most innovating and promising sharing economy services for the travel sector” declares Matthieu Rosset, Managing Partner at LD&A Jupiter.
Sandrine Vergnory-Mion, Principal at LD&A Jupiter adds : “This fundraising supported by such a leading industrial player as MAIF Avenir illustrates the expertise of LD&A Jupiter in the sharing economy sector”.
About MAIF Avenir
The objective of MAIF Avenir is to finance innovation, digital and sharing economy, all key areas of strategic focus for the MAIF group. Through start-ups, this new tool will specifically help MAIF to develop new services for its members, to access new communities, to innovate, to gain a better understanding of digital, new technologies and new consumption habits. While also feeding on start-up vitality and operating culture to improve in terms of agility. MAIF Avenir’s budget is € 125M until 2018, with a € 30M per year average.
About LD&A Jupiter
LD&A Jupiter is a top-tier international corporate finance firm which focuses exclusively on transactions within the digital sectors (internet, software, telecom, tech). With offices in London, Munich, Paris, Berlin, Amsterdam, plus New York and Los Angeles via LD&A Redwood, LD&A Jupiter has a presence in the most important financial and digital technology hubs. LD&A Jupiter has completed over 120 transactions of which 70% has been cross border, including cross-continental to America and Asia.
