Cabify secured US$70m in structured financing from IDB Invest and Blue Like an Orange Sustainable Capital to support responsible expansion within the region. This is IDB Invest’s first deal supporting digital…
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Mexico is fast emerging as the new battleground for the global transport wars, from rideshare and delivery to e-scooters and mopeds: In the past year, Chinese heavyweights Didi Chuxing (rideshare),…
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Salesforce Ventures made its inaugural investment in Latin America in RunaHR, a payroll automation platform, in a US$3.5m seed round that included Y Combinator, the founder of Gmail, CTO of Dropbox, executives of Rappi, Nubank, Cabify and WeWork Latin America, and HR experts including the CTO of Zenefits, former Head Sales Head of Gusto and former Product Manager of Gusto.
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The Brazilian lower house of Congress voted to approve lighter regulation on car-hailing apps such as Uber and Cabify. The approved amendments eliminated requirements such as needing to use taxi-style…
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Rakuten Capital, TheVentureCity, Endeavor Catalyst, GAT Investments, Liil Ventures, WTI and others made a US$160m Series E investment in Max Mobility, the parent company of Cabify and Easy, at a…
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The global transport wars are heating up in Latin America with major investments from new Asian players. A few months after Chinese transportation giant Didi Chuxing announced a US$100m co-investment…
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Previous investors Rakuten, Seaya Ventures, and AngelList have invested US$100m in Cabify, a Madrid-based, VARIV Capital portfolio company and ride-hailing app with a presence in 30 cities in Latin America.…
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Cabify, the transportation app with a presence in 11 Latin American countries and Spain, announced plans to invest US$200m in Brazil to fortify its presence in the country. Investors in…
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(Fortune) The Spanish Uber competitor Cabify, which is currently expanding in Latin America, has raised a US$120m Series C round of investment. The round was led by Japan’s Rakuten at…
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(TechCrunch) Cabify, a taxi app which operates in Latin America and Spain, has raised US$12m from Rakuten FinTech Fund, Seaya Ventures and others. Rakuten Backs Spanish And Latin American Taxi…