What is Cabify?
Cabify operates a technology platform that connects users with self-employed drivers for ride-hailing services. The company offers distinct solutions tailored for both individual consumers and corporate clients, aiming to provide efficient and reliable transportation options. Its service portfolio includes various vehicle types and service levels designed to meet diverse mobility needs within its operational regions. The company's expansion into multiple international markets highlights its ambition to become a leading player in the global mobility sector.
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 Seaya Ventures and Rakuten
Series C (2016): $120M featuring Rakuten
Private Equity (2017): $100M backed by Seaya Ventures, AngelList., and Rakuten
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 vast digital ecosystem, investing in various sectors including e-commerce, FinTech, and mobile communications. Their involvement suggests a strategic interest in mobility platforms that complement their existing services.
Seaya Ventures
Seaya Ventures is a venture capital firm focused on early-stage technology companies in Europe and Latin America. Their repeated investments in Cabify highlight a long-term commitment to the company's growth and scaling.
Uber
Uber, a global leader in ride-sharing and mobility services, has participated in Cabify's funding rounds. This investment could indicate strategic partnerships or a complex competitive landscape within the industry.
What's next for Cabify?
The substantial enterprise-level funding and recent strategic investment signal Cabify's intent to further scale its operations, potentially through market expansion, technological innovation, or service diversification. This capital infusion is likely to bolster its competitive stance against other major players in the ridesharing industry. Future developments may include enhancements to its app, expansion into new cities or countries, and the integration of new mobility solutions. The company's focus on both individual and corporate services suggests a strategy aimed at capturing a broad market share and ensuring revenue stability.
See full Cabify company page
