What is Kabbee?
Kabbee operates as a licensed minicab price comparison and booking service, accessible via mobile applications for iPhone, Android, and Blackberry 10, as well as through its web platform, Kabbee.com. The service allows users in London to instantly compare quotes from over 70 leading fleets, factoring in time, location, and vehicle type, before booking and completing payments via cash, card, or a pre-paid account. This innovative approach not only saves passengers time and money but also optimizes fleet efficiency. Launched in June 2011, Kabbee has garnered approximately 400,000 app downloads and has been recognized as a 'Future 50 Brand' by Real Business for its disruptive potential in the market. The company also incentivizes user engagement through its 'Free Cabs' program.
How much funding has Kabbee raised?
Kabbee has raised a total of $9.3M across 2 funding rounds:
Other Financing Round
$3.3M
Series A
$6.1M
Other Financing Round (2012): $3.3M with participation from Ed Wray and Redbus Group
Series A (2013): $6.1M led by Octopus Investments
Key Investors in Kabbee
Octopus Investments
Octopus Investments is a leading UK-based financial services firm specializing in tax-efficient investments, including Venture Capital Trusts and inheritance tax solutions. With substantial assets under management and a focus on high-risk investment options, they support individual and institutional clients in achieving financial growth and planning.
Ed Wray
Ed Wray is an individual investor who participated in Kabbee's funding rounds. Further details on their investment focus or portfolio are not publicly available.
Redbus Group
Redbus Group is an entity that has provided backing to Kabbee. Specifics regarding their investment strategy or operational focus are not detailed in the provided data.
What's next for Kabbee?
The recent major strategic investment signifies Kabbee's transition into a scaling phase, likely focusing on expanding its operational footprint, refining its technology stack, and potentially entering new geographic markets. With a solid foundation in London and a proven model for aggregating taxi services, this capital infusion is poised to accelerate its competitive positioning. Future developments may include deeper integration with fleet management systems, enhanced user personalization features, and strategic partnerships to broaden its service reach and solidify its market leadership in the digital transportation landscape.
See full Kabbee company page
