When he was a senior studying at Texas A&M University, Matthew Iommi realized that there were no good options for transporting groups of people. Fellow college students heading out for the night together didn’t have access to on-demand rides with the same convenience, accessibility, and affordability of typical ride-hail platforms, like Uber and Lyft. “Once […] © 2024 TechCrunch. All rights reserved. For personal use only.
Fetii, a group rideshare app targeting young people, has raised $7.35 million in a seed round led by Mark Cuban, with participation from Y Combinator, Goodwater Capital, and others. Founded by Matthew Iommi and Justin Rath in 2020, the app aims to simplify group transportation by offering shared rides for up to 14 passengers, with features like QR code payments and flexible pricing. Fetii plans to expand to new markets, including Florida, California, and Massachusetts, and has gained traction through word-of-mouth and branded vans. The app’s popularity among young adults, including Mark Cuban’s daughter, played a key role in attracting the investment.
