LatAm List – Cabify closed its most recent investment round at $160M, which places the Spanish ride-sharing company at a valuation of $1.4B. This investment will allow the company to expand its existing markets in Latin America, Spain, and Portugal.
“We are excited to receive this new group of investors, as well as to keep strengthening our relationship with Rakuten Capital. We have the same vision, which is to transform mobility in cities and to improve people’s quality of life,” says Juan de Antonio, Maxi Mobility’s CEO (Cabify’s parent company) in a press release.
This most recent round of investment takes place less than a year after Cabify landed 100M investment last May.
“Maxi Mobility’s rapid growth and consolidation shows an enormous group potential. We are delighted to keep supporting its vision, innovation, and leadership in breaking through mobility,” says Oskar Mielczarek del la Miel, Rakuten’s Managing Partner.
Read more on El Confidencial.