What is Cabify?
Cabify is a prominent Spanish technology company that operates in the urban mobility sector. Founded to provide a reliable and efficient alternative to traditional taxi services, Cabify leverages its mobile application to connect passengers with a network of drivers. The company's operational model emphasizes flexibility for its service providers and convenience for its users. Its expansion into key markets in Europe and Latin America highlights its ambition to become a leading player in global transportation solutions. The company's services are designed to meet diverse transportation needs, from daily commutes to business travel, positioning it as a versatile mobility provider.
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, Endeavor Global, and theventure.city
Debt (2022): $42.1M featuring European Investment Bank
Debt (2024): $16.4M backed by BBVA
Key Investors in Cabify
Rakuten
Rakuten is a global technology conglomerate with a diverse portfolio spanning internet services, fintech, and mobile communications. Its investment in Cabify aligns with its strategy to expand its global digital ecosystem and explore innovative mobility solutions.
Seaya Ventures
Seaya Ventures is a venture capital firm focused on early-stage technology companies in Europe and Latin America. Their backing of Cabify reflects a commitment to supporting scalable tech ventures with strong growth potential in the mobility sector.
Orange
Orange is a leading telecommunications operator and global IT services provider. Its investment in Cabify suggests a strategic interest in the intersection of telecommunications and mobility services, potentially exploring synergies in connectivity and digital platforms.
What's next for Cabify?
With a substantial funding history, Cabify is positioned for continued expansion and service enhancement. The company's strategic investments, including recent debt financing from entities like the European Investment Bank and BBVA, suggest a focus on sustainable growth and operational scaling. Future developments are likely to involve further technological integration, potential expansion into new geographic markets, and the optimization of its service offerings to meet evolving consumer demands in the ridesharing and broader mobility landscape. The company's enterprise-level funding context indicates a mature stage of development, likely focused on solidifying market share and exploring new revenue streams.
See full Cabify company page
