Accel leads €7.5m round for Comuto

ISAI and Cabiedes & Partners invested €1.25m in Comuto in June 2010, with ISAI providing the majority of the equity. This was the maiden investment from ISAI's first fund, the €65m ISAI Developpement vehicle.

This latest round of fundraising will be used to drive Comuto's growth across Europe.

Company
Launched in 2004, Covoiturage.fr is a website that connects users looking for carpooling opportunities. Initially a side-project for its founders, the website became a corporate entity called Comuto in 2006. Travellers can input the details of their planned trip and contact drivers available for car-sharing who match those requirements.

Comuto also runs the Comuto.es and BlablaCar.com websites in Spain and the UK respectively. It has around 1.6 million registered users.

People
Philippe Botteri led the deal for Accel Partners - he will join ISAI's Didier Kuhn and Pierre-Kosciusko-Morizet, as well as Cabiedes & Partners' Luis Martin Cabiedes, on Comuto's board.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• Expansion
• Consumer
• ISAI
• Accel Ventures