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BlaBlaCar lands €100M credit facility to fuel growth

Apr 03, 2024•over 1 year ago

Amount Raised

€100 Million

ParisRide SharingTransportationTravel

Investors

HsbcJp MorganCitiSociété GénéraleBnp Paribas

Description

French carpooling unicorn BlaBlaCar has secured a €100 million revolving credit facility from a consortium of banks to accelerate its growth and explore acquisition opportunities.

Company Information

Company

BlaBlaCar

Location

Paris, Ile De France, France

About

BlaBlaCar is a Paris-based mobility company that disrupted the mobility sector in Europe with its carpooling platform. The company aims to aggregate all ground transportation methods, including carpooling, bus rides, and eventually train tickets.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech