BlaBlaCar IPO

BlaBlaCar was founded in 2006 by Frederic Mazzella, Francis Nappez, and Nicolas Brusson. CEO Brusson has stated that "In the second half of 2022 we’ll be profitable and the logical next step of a company like BlaBlaCar would be to IPO." Speaking about a recent round of fundraising, he added that "The new fundraising is fundamentally structured as a ‘pre-IPO convertible." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Paris-based BlaBlaCar is a transportation company that started as a long-distance carpooling platform, but has lately bolstered its offerings with the acquisition of Ouibus, an intercity bus network, Busfor, a ticketing platform, and Octobus, a cloud-based bus management platform. In 2015, the company became France's first ever unicorn. Since its founding, the company has made a total of 13 acquisitions and has raised more than $550 million in venture capital funding. The most recent round of funding, led by VNV Global, brought in $115 million and included investors FMZ Vermietungs and Otiva. This funding increased the company's post-money valuation to $2 billion.