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3 years ago
Cabify raises $12M from Rakuten to expand in Latam and join the last-mile delivery race
On-demand car service Cabify has picked up $12 million in funding. The company’s Series B is being led by ecommerce giant Rakuten and includes the participation of Seaya Ventures, which led its Series A a year ago along with Winklevoss Capital and Black Vine, the investment vehicle associated to AngelList.
This deal brings the total raised by the Madrid-based startup since its founding in 2011 to $26.5 million. According to the Financial Times, Cabify’s current valuation sits at €100 million.
https://novobrief.com/cabify-funding-series-b/3936/
Cabify raises $120m at a $320m valuation led by Rakuten to take on Uber in Latin America 3 years ago
Cabify, a ride-sharing app based out of Madrid and active in Spain and Latin America, has raised $120 million — money that it plans to use to continue building out its business on both sides of the Atlantic, starting first in Brazil and Argentina. It’s currently active in 14 cities.
The Series C round values the company at $320 million ($200 million pre-money), and it is notable also for who is investing. Rakuten — the Japanese e-commerce giant that also backs Lyft and had invested in Cabify previously — is leading the round, with participation from others whose names are not being disclosed.
https://techcrunch.com/2016/04/20/...o-take-on-uber-in-latin-america/
Spanish ride-hailing app Cabify raises $100 million in fresh round By Jonathan Keane, May 8th, 2017
Cabify, the Madrid-based ride-hailing app, has reportedly raised $100 million from previous investors including Rakuten, Seaya Ventures, and AngelList.
The new funds will most likely be used to bolster its position in Latin markets where it competes directly with Uber and the Rocket Internet-backed Easy Taxi from Brazil. While the company is Spanish and also active in Portugal, it has focused much of its operations on South and Central America. It’s currently operating in Brazil, Mexico, Chile, Peru, and Argentina, among several other countries. The company was founded in 2011 and has raised over $140 million in prior funding. Japanese ecommerce giant Rakuten previously invested in the company, contributing to a $120 million Series C round in April of last year.
https://tech.eu/brief/cabify-100-million/
Cabify raises $160m for ride hailing in Latin America as it restructures 23-01-2018 17:02
The Madrid-based start-up operates a ride hailing service in Spain, Portugal and a number of Latin American nations. The Series E funding round was powered by a mix of new and existing investors, including Rakuten Capital, GAT Investments, TheVentureCity, Liil Ventures and Endeavor Catalyst. “We are thrilled to welcome this new group of investors, and to continue to strengthen our relationship with Rakuten Capital,” said Juan de Antonio, CEO of Maxi Mobility.
https://mobilemarketingmagazine.com/...ify-snow-taptica-and-stagedoor
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