P101 leads €5.6m round for 2hire

P101 deployed €3.9m, while Linkem, an Italian telecommunications company specialising in wireless broadband connection, provided €400,000. The remainder was deployed by previous backers Invitalia Ventures, LVenture Group and Boost Heroes.

P101 drew capital from its Programma 102 fund, which was launched with a €120m target and held a €65m first close in May 2018. The fund targets Italian digital and tech startups offering B2C and B2B services to the food, fashion, design, travel, real estate, fintech and cybersecurity sectors.

Previous funding
2hire raised €680,000 in seed funding from LVenture Group, Invitalia Ventures, Boost Heroes and MobilityUP in September 2017.

Company
Established in 2015 and based in Rome, 2hire specialises in digitally enabled car rental, car sharing and fleet management. It offers a plug-and-play device able to manage a vehicle remotely.

Its platform allows users to lock and unlock their vehicles with a smartphone, and monitor GPS location, fuel level, battery level and wheels condition, providing both real-time and historical data, and sending engine issue alerts.

2hire offers features for both car sharing and car rental companies, including the possibility to connect cars, book and unlock vehicles remotely via the app, and digitalise and automate the entire rental process.

The platform already connects around 10,000 vehicles and is used in numerous countries across Europe and South America.

People
P101 – Andrea Di Camillo (managing partner).
2hire – Filippo Agostino (co-founder, CEO).

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

• Topics
• Expansion
• Southern Europe
• Technology
• Support services
• Venture
• Italy