Blue Valet

Blue Valet

On-demand valet parking service for airports and railways.

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DateInvestorsAmountRound
-investor investor investor investor investor

€0.0

round
investor investor investor investor investor

€0.0

round

€6.0m

Late VC
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR201720182019202020212023
Revenues000000000000000000000000
% growth-198 %26 %25 %--
EBITDA000000000000000000000000
Profit000000000000000000000000
% profit margin(117 %)(73 %)----
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000

Source: Company filings or news article, Dealroom estimates

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Blue Valet offers on-demand valet parking services for travelers at airports and train stations. It was founded in 2015 by brothers Hugo and Benoît Ricard and is headquartered in Mérignac, France. The idea originated from Benoît's desire to avoid parking hassles when traveling. Hugo Ricard, the CEO, has a background in finance and business management, including a Master's degree in Private Wealth Management from IAE Bordeaux.

The company's business model is centered on convenience for both leisure and business travelers, who constitute 50% of its clientele. Customers book the service online or through a mobile app, drive to the terminal or station drop-off point, and hand their vehicle over to a uniformed valet. The car is then parked in a private, secure lot. Upon their return, the vehicle is brought back to the same drop-off point. This service aims to provide a stress-free and time-saving alternative to traditional airport parking.

Blue Valet has expanded its operations across France, Spain, and Belgium, serving numerous airports and stations. The company has raised a total of €8 million through two funding rounds, with the latest being a Series A round of $6.8M in December 2018. Key investors include Supernova Invest, SWEN Capital Partners, and IRDI Soridec Gestion. In addition to its core valet service, the company offers ancillary services such as vehicle cleaning, electric vehicle charging, and covered parking options. All vehicles are insured by their partner, AXA, while in their care.

Keywords: valet parking, airport parking, train station parking, on-demand service, travel services, vehicle logistics, business travel, secure parking, mobile booking, European travel, car care services, EV charging, travel convenience, parking solutions, chauffeur service

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