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DOON operates the Philippines' first fully insured peer-to-peer car-sharing marketplace, connecting individuals seeking self-drive rentals with vehicle owners looking to generate supplemental income from their idle cars. The platform functions as a commission-based mobile application available across major digital storefronts, including the Apple AppStore, Google Play, and Huawei AppGallery. It facilitates nationwide vehicle access for individual travelers and small businesses while offering specific search filters, direct host communication, and comprehensive insurance coverage for both renters and owners. The enterprise has secured $1.5 million in pre-seed financing, comprising $500,000 in equity and a $1 million debt facility, with backing from angel investors, family offices, and AHG Lab. The transportation company recently gained industry recognition by being showcased among QBO's Top 100 Startups during the 2023 Philippine Startup Week. DOON was founded by Enrique Hormillo and Miguel Locsin.
DOON has raised $500K across 1 funding round.
DOON has raised $500K in total across 1 funding round.
Doon Technologies is an IT services firm based in Iselin, New Jersey, specializing in providing flexible, specialized technologists to meet client needs through talent development.[1] It focuses on delivering highly skilled professionals aligned with specific project requirements, operating from 200 Middlesex Tpke, Ste 309, Iselin, NJ 08830, as a technology staffing and consulting provider.[1]
A related entity, Doon Consulting, offers services in lead and demand generation, channel management, and digital marketing to boost sales effectiveness for clients.[2] These companies appear to target businesses seeking IT talent and marketing support, though detailed information on products, clients, or growth metrics is limited in available sources.
Limited public information exists on the founding of Doon Technologies or Doon Consulting. Doon Technologies operates out of Iselin, NJ, with no specified founding year, key founders, or early milestones documented in accessible records.[1] Similarly, Doon Consulting's backstory, including origins or pivotal moments, remains undisclosed in available overviews.[2]
The companies likely emerged as niche service providers in the competitive IT and consulting landscape of New Jersey, capitalizing on local demand for specialized tech talent and sales enablement, but specifics on idea emergence or traction are not detailed.
These elements position them as agile providers in staffing and consulting, but without data on unique models, developer tools, or community ecosystems, their standout features rely on service alignment.
Doon Technologies and Doon Consulting ride the ongoing trend of outsourced IT staffing and digital sales enablement, fueled by talent shortages and remote work demands in tech services.[1][2] Timing aligns with post-pandemic growth in flexible staffing, where companies seek specialized skills without full-time hires, amid market forces like rising demand for AI-enhanced marketing and scalable tech teams.
They contribute modestly to the ecosystem by bridging gaps in talent supply for mid-sized firms, though their influence appears localized without evidence of broader startup investments or ecosystem-shaping impact.
Doon entities could expand amid persistent IT talent gaps and digital transformation needs, potentially scaling services via partnerships or remote delivery. Trends like AI-driven recruitment and automated marketing tools may shape their evolution, enhancing specialization if they adapt.
Their niche role might grow with economic recovery, tying back to delivering aligned technologists and sales boosts in a talent-constrained market—watch for visibility gains to confirm momentum.[1][2]
DOON has raised $500K across 1 funding round. Most recently, it raised $500K Seed in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2024 | $500K Seed | — | Lasse Clausen, Foxmont Capital Partners, Hashed, Hustle Fund, Infinity Ventures Crypto, Portag3 Ventures, Kevin LIN | Announced |
DOON has raised $500K in total across 1 funding round.
DOON's investors include Lasse Clausen, Foxmont Capital Partners, Hashed, Hustle Fund, Infinity Ventures Crypto, Portag3 Ventures, Kevin Lin.