AUSTIN, TX, [December 27, 2022] — The young generation of entrepreneurs is a true inspiration. They use 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 have had a significant impact on 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 the ‘Austin Best CEO’ award earlier this year.
Fetii is an Austin-based rideshare app that brings groups and businesses together on demand. Users can hail a 15-passenger van by clicking a button and pay using a QR check-in system that splits the payment at the time of boarding. Fetii takes the hassle out of group transportation. Thanks to the innovation and disruption brought to the group transportation market, Fetii reduces costs, emissions, and congestion. The rideshare group is currently in 3 Texas cities and will expand to 4 additional cities by the end of January 2023.
“I am honored to be included on this list on behalf of Fetii’s achievements,” said Matthew Iommi, Co-Founder and Chief Executive Officer for Fetii. “Although I am 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 by my side, and I could not have achieved this recognition without their contributions.”
According to Austin Inno, Matthew Iommi continued to build early success after launching Fetii at Texas A&M. The startup was accepted into the prestigious Y Combinator accelerator program, which also included $500,000 in new funding. It has also raised money from Goodwater Capital, Stonks, and angel investors. Despite the Covid-19 headwinds, the company’s 15-passenger van has now transported more than 700,000 passengers and taken over 130k unnecessary vehicles off the roads thanks to its platform.
Other honorees selected for the list include University of Texas students, aerospace entrepreneurs, and more. You can see the full Austin Inno ’25 Under 25′ list and read about Austin’s brightest young people here.