What is Cabify?
Cabify operates as a multi-modal transportation technology company, providing a robust smartphone application that facilitates vehicle-for-hire services. By utilizing a network of self-employed drivers, the platform offers tailored solutions for both individual commuters and business entities. Its market position is defined by a strong footprint in Spanish-speaking regions, where it competes by emphasizing service quality, safety, and a distinct business-to-business offering that differentiates it from standard consumer-facing ridesharing apps. The company's business model is built on high-frequency usage and a scalable digital ecosystem that integrates seamlessly into the urban mobility landscape.
How much funding has Cabify raised?
Cabify has raised a total of $992.5M across 10 funding rounds:
Series A
$8M
Series B
$12M
Series C
$120M
Private Equity
$100M
Series D
$500M
Other Financing Round
$30M
Series E
$160M
Debt
$42.1M
Debt
$16.4M
Series A (2014): $8M led by Seaya Ventures
Series B (2015): $12M supported by Rakuten and Seaya Ventures
Series C (2016): $120M featuring Rakuten
Private Equity (2017): $100M backed by Rakuten, Seaya Ventures, and AngelList.
Series D (2017): $500M with participation from Uber
Other Financing Round (2018): $30M led by Orange
Series E (2018): $160M supported by Rakuten, theventure.city, and Endeavor Global
Debt (2022): $42.1M featuring European Investment Bank
Debt (2024): $16.4M backed by BBVA
Key Investors in Cabify
Rakuten
Rakuten Group Inc. is a global technology conglomerate and innovation company that operates a comprehensive digital ecosystem spanning e-commerce, fintech, and mobile communications.
Seaya Ventures
Seaya Ventures is a leading European and Latin-American venture capital firm that invests in value-driven founders building global technology companies with a sustainable approach.
Uber
Uber is a global technology platform that revolutionized the transportation industry by connecting riders with drivers through its mobile application.
What's next for Cabify?
Looking ahead, Cabify is positioned to leverage its recent capital to further optimize its technological stack and expand its service offerings. With a history of backing from major global conglomerates and specialized venture firms, the company is well-equipped to navigate the complexities of the modern transportation market. Future strategic initiatives will likely focus on deepening its penetration in existing Latin American markets while exploring new efficiencies in its debt-financed operations. As the mobility sector continues to undergo rapid transformation, Cabify's ability to maintain its competitive edge will depend on its continued focus on product-led growth and the strategic deployment of its financial resources to capture emerging demand in the urban transit space.
See full Cabify company page
