Cathay Innovation and Total Ventures led a $38m Series B round in Heetch.

Investment firms Cathay Innovation and Total Ventures led a $38m Series B round in Heetch, a ride-sharing platform, with existing investors Idinvest Partners, Alven, Felix Capital and Via-ID. The funding will be used to bring Heetch to more markets — today it is in France, Belgium, Morocco and the Ivory Coast, and the plan is to expand Algeria, Cameroon and Senegal later this year — as well as to continue hiring, particularly engineers in Paris.