About Less
Less is a company based in Paris (France) founded in 2017 by Florent Boutellier, Denis Collin, Francis Cohen, and JB Rudelle was acquired by BlaBlaCar in April 2018.. Less has raised $19 million across 1 funding round from investors including BlaBlaCar, Index Ventures and Daphni. Less operates in a competitive market with competitors including Grab, Lyft, Careem, Uber and Cabify, among others.
- Headquarter Paris, France
- Founders Florent Boutellier, Denis Collin, Francis Cohen, JB Rudelle
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Software Development Team
63 people
Product Management Team
20 people
Data Analysis and Operations Team
16 people
Sales and Marketing
13 people
Operations Team
11 people
Leadership Team
10 people
Human Resources and Administration
7 people
Senior Team
6 people
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Funding Insights of Less
Less has successfully raised a total of $19M through 1 strategic funding round. The most recent funding activity was a Series B round of $19 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $19.0M
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First Round
First Round
(15 Nov 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series B - Less | Valuation | Index Ventures , Daphni |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Less
Less has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include BlaBlaCar, Index Ventures and Daphni. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in seed & early stage startups based in Europe
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Founded Year | Domain | Location | |
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Online platform for intercity carpooling
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Less
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Less
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Less Comparisons
Competitors of Less
Less operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Grab, Lyft, Careem, Uber and Cabify, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ride-hailing and on-demand delivery services are aggregated via mobile app.
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| domain | founded_year | HQ Location |
App-based ride-hailing aggregator
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| domain | founded_year | HQ Location |
Rides and deliveries are facilitated via a mobile app platform.
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| domain | founded_year | HQ Location |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
Ride-hailing services are offered via a mobile app platform.
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| domain | founded_year | HQ Location |
An AI-enabled platform is operated for ride-hailing and on-demand services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Less
Frequently Asked Questions about Less
When was Less founded?
Less was founded in 2017.
Where is Less located?
Less is headquartered in Paris, France.
Who is the current CEO of Less?
JB Rudelle is the current CEO of Less. They have also founded this company.
Is Less a funded company?
Less is a funded company, having raised a total of $19M across 1 funding round to date. The company's 1st funding round was a Series B of $19M, raised on Nov 15, 2017.
What does Less do?
Less is an urban short distance ride-sharing app. Connects the drivers with empty seats with the paying passengers and helps the drivers reduce the cost of their daily commute. Initially brought out as a navigation app that pays the drivers for taking the suggested routes with outdated data, thereby collecting the traffic, the average time taken, and other relevant information. Raised 19M from Index Ventures and Daphni in November 2017. The app is available for download from App Store and Google Play. Operates on a pilot basis in Paris region as of November 2017.
Who are Less's investors?
Less has 3 investors. Key investors include BlaBlaCar, Index Ventures, and Daphni.