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 website, Kabbee.com. The platform empowers users to instantly compare quotes from over 70 leading London fleets, factoring in time, location, and vehicle type, before booking and completing payment via cash, card, or a pre-paid account. This innovative approach not only saves passengers time and money but also enhances fleet efficiency. Launched in June 2011, Kabbee has achieved approximately 400,000 app downloads and was recognized as a 'Future 50 Brand' by Real Business for its disruptive potential in the UK 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 prominent UK-based investment firm specializing in tax-efficient products, known for its significant backing of growth-stage companies. Their involvement suggests a strategic alignment with Kabbee's expansion plans and a belief in its market disruption potential.
Ed Wray
Ed Wray is an individual investor who has participated in Kabbee's funding rounds. Their contribution indicates personal confidence in the company's business model and future prospects.
Redbus Group
Redbus Group has provided backing to Kabbee, signifying their interest in the ride-hailing and transportation technology sector. Their investment likely supports Kabbee's operational growth and market penetration strategies.
What's next for Kabbee?
The substantial enterprise-level backing Kabbee has received positions it for significant scaling and market expansion. This strategic investment is likely to fuel further technological development, enhance its service offerings, and broaden its operational reach within the competitive London transportation landscape. Future initiatives may include expanding the network of fleet partners, refining the user booking experience, and potentially exploring new geographic markets. The company's focus on efficiency and cost savings for both consumers and fleet operators suggests a continued emphasis on optimizing its core value proposition.
See full Kabbee company page
