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New Deal


Announced

International Finance to invest in BlaBlaCar for $15m.

Synopsis

International Finance, an international financial institution that offers investment, advisory, and asset-management services, agreed to invest in BlaBlaCar, a French online marketplace for carpooling, for $15m. "We look forward to leveraging IFC's deep experience in developing countries to further grow our convenient, secure, and low-cost offering for long-haul travel in Brazil and other emerging markets where we operate. We have the opportunity to improve access to mobility in these markets by further developing our carpooling offering while accelerating the digitalization of long-distance buses," Nicolas Brusson, BlaBlaCar CEO and Co-Founder.

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