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DOON raised $1.5 million in a pre-seed funding round led by AHG Lab to develop its web marketplace and enhance its mobile car-sharing platform.

Sep 23, 2024about 1 year ago

Amount Raised

$1.5 Million

Round Type

seed

MakatiAutomotiveTransportation

Investors

Family OfficesAngel InvestorsEsquire FinancingAhg Lab

Description

DOON, a peer-to-peer car-sharing platform in the Philippines, has raised US$1.5 million in pre-seed funding. The financing includes a mix of debt and equity, with significant contributions from AHG Lab, Esquire Financing, and various angel investors.

Company Information

Company

DOON

Location

Makati, Metro Manila, Philippines

About

DOON is a peer-to-peer car-sharing platform based in the Philippines. It connects car owners with individuals looking to rent vehicles, promoting a more accessible and cost-effective transportation option. The platform emphasizes technology development and innovative financial strategies to enhance user experience. DOON aims to revolutionize how people utilize transportation in urban areas.

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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