Wednesday, August 13, 2014

Get Taxi raises $150 million

GetTaxi, an Israeli based taxi start-up, announced today a successful fund raising of $150 million in series D round. The leading investor in the round is the Swedish fund manager Vostok Nafta. The new financing will allow GetTaxi to expand their business in New York and London and will expand to other cities in Europe.

GetTaxi rival app Uber closed a massive $1.2 billion round just two months ago at a valuation of more than $18 billion.

Vostok Nafta announce today that "...Vostok Nafta made a USD 25 mln investment in GetTaxi, which provides transportation services to enterprises and individuals through mobile and web applications and aims to become the global leader in the space".

Last year GetTaxi raised $21 million from Kreos Capital. Other investor in the company is Len Blavatnik.

Another competitor of GetTaxi, Lyft from San Francisco, raised in April $250 million from Alibaba and Coatue Management.

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