After reaching profitability, carpooling platform BlaBlaCar secures $108 million debt line
BlaBlaCar is an iconic name in the French startup ecosystem. The carpooling and bus ticketing company has been around for so long that it’s hard to consider it a startup anymore. Still, BlaBlaCar is an extremely interesting company today due to its unique trajectory.
What started as a scrappy online hitchhiking community became a startup that raised hundreds of millions and reached unicorn status. It then expanded to many countries across several continents, then scaled back its ambitions and started to think about profitability.
Today, the company is announcing that it’s secured a €100 million revolving credit facility ($108M at today’s exchange rate). This will give it a new war chest to plan for the future and keep driving for growth — including through acquisitions.
“Debt is a tool that’s relatively attractive, non-dilutive, and super flexible too,” Brusson told us. The €100M credit line is with several big banks based in France, the U.K. and the U.S.
