Paris-based Virtuo, an on-demand car service startup, announced that it has raised $96M (approx €78.5M) in its Series C round of funding. This round includes a combination of funding.
The amount of €50M capital was led by AXA Venture Partners with participation from Bpifrance through their Large Venture funds, Alpha Intelligence Capital and H14. In addition, existing investors, including Balderton Capital, Iris Capital, and Raise Ventures, also invested in this round. In addition, a pan-European asset-based financing of €30M was also granted from Natixis and several members of the Banque Populaire and Caisse d’Epargne Group to support Virtuo’s fleet development.