Fasten logo — company profile

Fasten

Founded 2014 United States Boston, United States 41 employees Series A Total: $19.15M Internet, Mobile +2

General Information

Company Name Fasten
Founded Year 2014
Location United States Boston, United States
Employees 41
Industries Internet, Mobile, Platforms +1
Funding Stage Series A
Social

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About Fasten

Fasten is a transportation startup that aims to revolutionize the ridesharing industry. Founded in 2014 and headquartered in the United States, the company's mission is to make ridesharing a sustainable mode of transportation by implementing fair practices. The company's last investment of $10.00M was in a Series A round on 09 November 2016, led by Almaz Capital and UFG Private Equity. Fasten's unique proposition lies in its commitment to creating a fair and sustainable ecosystem for both drivers and riders. The company challenges the conventional ridesharing model by advocating for a lower commission of 20% from drivers, believing it to be economically unsustainable. Their description emphasizes the need for a different approach that prioritizes fairness to drivers while ensuring affordability for riders, ultimately fostering the growth of ridesharing. The startup's value proposition, combined with the backing of notable investors, positions Fasten as a compelling player in the evolving ridesharing landscape. With a team comprising successful serial entrepreneurs, Fasten seeks to disrupt the industry by changing the rules of the game. As ridesharing continues to shape the future of transportation, Fasten's commitment to fairness and sustainability presents an intriguing opportunity for potential venture capital partners looking to invest in the future of transportation.

Business keywords: ridesharing, driver compensation, affordability, startup, entrepreneurship, reform in ridesharing industry

Funding Rounds & Investors (2)

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Funding Stage Amount Investors Lead Investors Date
Series A $10.00M 2
Almaz Capital, UFG Private Equity
09 Nov 2016
Venture Round $9.15M -
01 Apr 2015

Fasten Alternatives & Competitors

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FAQ About Fasten

At Fasten, we believe ridesharing will be a mainstay in the future of transportation. But only after ridesharing companies make serious changes to the way they operate. For instance, charging 20% commission from drivers is unsustainable. We have a different approach. We believe in being fair to driv...
Fasten was founded in 2014.
Fasten is headquartered in Boston, United States.
Fasten operates in Internet, Mobile, Platforms and Transportation. Its work centres on ridesharing, driver compensation, affordability and startup.
Fasten has approximately 41 employees.
Fasten has completed 2 funding rounds, raising a total of $19.15M. The latest funding stage is Series A.
Top alternatives and competitors to Fasten include Paws.com, Code Ninja Co., Beetleware, Neting.app, Trippie. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Fasten and Paws.com are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Fasten, https://bouncewatch.com/company/fasten, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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