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The Venture Codex

Less

6 rue de l'Electricité, Hœnheim, Ile-de-France, 67801, France

Overview

Less is a ride-sharing service that matches drivers already traveling from A to B with passengers seeking rides along the same route, focusing on commuters and short-distance trips. The company is building a navigation app as its entry product to attract users and collect traffic data. To incentivize adoption and gather real-time information, Less rewards drivers with small cash payments (examples in the article: €0.10 per km or €0.15 per km) when they drive in areas with outdated map data. Eventually the product will let drivers pick up passengers on the way; Less is not targeting professional drivers but ordinary people who can earn a few euros toward gas. The service currently operates only in the Paris area and is positioned against competitors such as BlaBlaCar’s BlaBlaLines. Less is an early-stage product that has begun fundraising to support development and growth.

Total raised
$19M
Funding rounds
1
Latest round
Equity
Latest activity
Nov 2017

Industries

  • Apps
  • Mobile Apps
  • Navigation
  • Real Time
  • Ride Sharing
  • Transportation
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Recent funding

  1. Equity

    Nov 2017

    $19M

Team

No current team members are available.