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FlexClub

flex.club

Founded Year

2018

Stage

Seed VC - II | Alive

Total Raised

$6.2M

About FlexClub

FlexClub has developed an online platform for owners to rent their vehicles to Uber Driver-partners.

Headquarters Location

Amsterdam,

Netherlands

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Research containing FlexClub

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CB Insights Intelligence Analysts have mentioned FlexClub in 1 CB Insights research brief, most recently on Mar 21, 2022.

Expert Collections containing FlexClub

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FlexClub is included in 1 Expert Collection, including E-Commerce.

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E-Commerce

384 items

Latest FlexClub News

Endeavor Harvest Fund II closes as most active VC in SA

Apr 6, 2022

Endeavor South Africa has raised double its initial target for Harvest Fund II with R190 million raised in the fund’s final close. The fund has invested in 10 companies since its first close in 2021 with headline grabbing participation in Clickatell and Flexclub rounds the obvious highlights. Endeavor Harvest Fund II invested in 10 companies in its first year, making it the most active VC fund in South Africa Harvest Fund II is a founder-aligned, rules-based, co-investing fund, into a vetted pipeline of medium-sized, high-growth SA founded Endeavor Entrepreneurs which are enrolled in its global program. The co-investment and rules-based nature of Fund II, makes it an extremely efficient fund and the first-of-its-kind in Africa. “What also differentiates our Fund is the spectrum of stages it invests in which range from pre-Series A to Series D, mimicking the companies Endeavor works with in its portfolio of high-growth entrepreneurs,” explains Antonia Bothner, Harvest Fundraising lead. Fund II follows the terms of the lead investor, enabling Endeavor to actively assist entrepreneurs to raise capital through access to Endeavor’s investor network and supporting them negotiate terms with the lead investor, before Fund II joins the round. This strategy enables Fund II to rapidly deploy capital into its network of Endeavor Entrepreneurs and stay aligned with the founder. “When we were designing Fund II, we wanted to stay aligned with Endeavor’s overall mission, but also carve out a business model that would create a sustainable revenue stream to support the work Endeavor South Africa does,” explains Bothner. A unique growth approach that Endeavor has rolled out in 40 countries reinvests 20 percent of Fund II’s carry back into Endeavor South Africa’s non-profit activities. This will contribute to South Africa’s economic growth by fueling a positive cycle of support for the next generation of entrepreneurs. “It is an important milestone for Endeavor South Africa, who together with the support of our board, partners, mentors and entrepreneurs, is the first country office to launch a local fund that complements our Global Endeavor Catalyst funds,” says Herman Bosman Endeavor South Africa Chairman. “Capital remains an essential enabler for our local high-growth entrepreneurial ecosystem. This is a first for Africa and for Endeavor and something we are proud of.” Harvest Fund II expects to be fully invested by the end of 2022, with deals to continue at a similar pace. “The growth sector in Southern Africa is still nascent and the opportunities are still plentiful and growing. The beauty of the way our Harvest Fund II is structured and positioned is that there is ample room for both growth and impact,” says Bothner. The rich investment landscape comes as no surprise, as Partech Africa recorded that in 2021, 640 African tech start-ups raised a total of $5.2 billion across 681 equity rounds, meaning a 3.6x year-on-year growth and making the African tech venture capital the world’s fastest-growing ecosystem globally. “Given this, we are looking forward to the multitude of returns both the existing fund and Harvest Fund III will bring to our local entrepreneurial ecosystem – entrepreneurs and VCs – and most importantly the broader South African economy.”

FlexClub Web Traffic

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FlexClub Frequently Asked Questions (FAQ)

  • When was FlexClub founded?

    FlexClub was founded in 2018.

  • Where is FlexClub's headquarters?

    FlexClub's headquarters is located at Amsterdam.

  • What is FlexClub's latest funding round?

    FlexClub's latest funding round is Seed VC - II.

  • How much did FlexClub raise?

    FlexClub raised a total of $6.2M.

  • Who are the investors of FlexClub?

    Investors of FlexClub include CRE Venture Capital, Kindred Ventures, Federico Ranero, Matt Mullenweg, Tariq Zaid and 6 more.

  • Who are FlexClub's competitors?

    Competitors of FlexClub include Planet42 and 1 more.

Compare FlexClub to Competitors

M
Moove Africa

Moove Africa is an Integrated Mobility platform designed to enable all transport services, and service providers to interoperate. It orchestrates multi-modal trip planning, payment, and fulfillment with one seamless experience. Moove Africa was founded in 2019 and is based in Lagos, Nigeria.

Planet42 Logo
Planet42

Planet42 uses a scoring algorithm to process client applications based on credit bureau, affordability, and alternative data. If the application is approved, the business then analyses the customer’s validation documents, such as IDs, payslips and bank statements, before purchasing the car from the dealership and renting it to the customer.

Autochek Logo
Autochek

Autochek is an online marketplace for car sales. It aims to serve customers across the African market.

K
Kovi

Kovi is a Brazilian mobile travel platform offering on-demand car rental services.

W
We Rent Cars

We Rent Cars provides inclusive access to mobility with long-term rental solutions to its clients, typically for 54 months. The company is based in Pretoria, South Africa.

Drover Logo
Drover

Drover is the developer of a Mobility-as-a-Service platform, giving users access to a car with a single monthly subscription (that includes the vehicle itself, insurance, road tax, maintenance and breakdown cover.On December 17th, 2020, Drover was acquired by Cazoo. The terms of the transaction were not disclosed.

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