Fetii, founded by Matthew Iommi and Justin Rath, addresses a gap in group transport options by offering on-demand rides for groups of 7 to 14, making transport more efficient and sustainable. Launched in 2020, Fetii has grown rapidly, operating in 68 cities across six states, and carrying over 200,000 passengers monthly. The startup recently secured a $7.35 million seed round, aiming to expand into new markets like Florida and California, with the majority of rides being on-demand, a key feature for young consumers.
"Once you hit that six to seven [person] mark, you had to split up and take multiple cars, which is inefficient and not great for sustainability."
"We like to say that the mantra of rideshare is bringing people together."
"The majority - 75% to 80% - are on-demand."
"Fetii will use that money to expand into new markets, including Florida, California, and Massachusetts."
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