Rideshare Entrepreneur Named to Austin ‘25 Under 25’ List | by Melanie Rodriguez | Dec, 2022
AUSTIN, Texas, [December 27, 2022] — The new generation of entrepreneurs is truly inspiring. They are using technology to solve problems, create innovative products and services, and drive positive change in the world. From social media platforms to sustainability solutions, these young innovators are making a real impact and shaping the future of our society.
The Austin Inno ’25 Under 25′ list is a compilation of the top 25 individuals under the age of 25 who are making a significant impact in the tech industry in Austin, Texas. These individuals are selected based on their innovative ideas, successful startups and leadership in the technology community. Among the 25 selected in the 2022 edition is Matthew Iommi, co-founder and CEO of Fetii Incorporated. Iommi was also nominated for an ‘Austin Best CEO’ award earlier this year.
Fetii is an Austin-based rideshare app that transports groups and businesses together on demand. Users can hail a 15-passenger van with the click of a button and pay using a QR check-in system that splits payment at the time of boarding. Fetii is taking the friction out of group shipping. Due to the innovation and disruption brought to the group transport market, Fetii is reducing costs, emissions and congestion. The group’s distribution is currently in 3 Texas cities and will expand to 4 more cities by the end of January 2023.
“I am honored to be included on this list on behalf of Feti’s achievements,” said Matthew Iommi, Feti’s Co-Founder and Chief Executive Officer. “While I may be the one on the list, the success of our company is due to the hard work and dedication of my co-founder, Justin Rath, and our talented team. I am grateful to have such a supportive and innovative group of individuals around me, and I would not have achieved this recognition without their contributions.”
According to Austin Inno, Matthew Iommi continued to build on early success after launching Fetii at Texas A&M. The startup was accepted into the prestigious Y Combinator accelerator program, which also came with $500,000 in new funding. It has also raised money from Goodwater Capital, Stonks and angel investors. Despite the headwinds against Covid-19, the company’s 15-passenger vans have now transported more than 700,000 passengers and taken over 130,000 unnecessary vehicles off the roads thanks to its platform.
Other honorees selected for the list include University of Texas alumni, aerospace entrepreneurs and more. You can see the full Austin Inno ’25 Under 25′ list and read about Austin’s brightest young people here.