The Venture Codex

Participated · Seed · Oct 2023

DouzePointCinq converts unused car parking areas into secured parking and micro‑hubs for private cyclists and delivery fleets, installing lockers, surveillance, and facilities for riders. The company serves both individuals and logistics firms, with revenue currently split roughly equally between those uses. It has been entrusted with over a thousand parking sites and recently added about 400 more. Management plans to double headcount within a year and to double the number of parkings by 2025, while pushing a shift toward business customers. The firm is expanding beyond the Paris area into Lyon and Bordeaux and aims to open in Lille, Nantes and Marseille in the coming year. After a planned Series A, the company and its backers expect to target southern Europe for further growth. La Poste and its subsidiaries are already clients and strategic supporters of the model.