Tag Archives: Cabify

Cabify raises $120 million at $320 million valuation

In the highly competitive world of on-demand transportation, there is never a shortage of ride-haling startups trying to be the number one. In Spain, Cabify is considered as the country’s biggest player, operating in 14 different cities across Spain and Latin America. Today, the company announced it has raised $120 million from Rakuten and other investors. The round values the Uber competitor at around $320 million. According to the company, it plans to use the capital to expand into major cities like São Paulo, Rio de Janeiro and Buenos Aires, as well as other cities in Europe.

You can read about the funding here.