Cabify and Easy close US$160M round

Uber’s Spanish rivals are upping the competition. In an article originally reported by PulsoSocial, Maxi Mobility Inc., the holding company that manages both Cabify and Easy, announced that they closed a US$160M Series E round to help expand their services.

The round was led by Rakuten Capital, with support from TheVentureCityEndeavor Catalyst, GAT Investments, Liil Ventures, WTI, and other prominent investors in Europe and Latin America.

Maxi Mobility Inc. manages high-quality “Mobility as a Service” (MaaS) platforms that operate in more than 130 cities and in 14 countries across Latin America and the Iberian Peninsula.

According to the Financial Times, Rakuten is the main competitor of Japan’s Softbank, currently Uber‘s biggest shareholder. This announcement by Maxi Mobility comes just weeks after China’s Didi Chuxing acquired Brazil’s largest MaaS startup, 99, tightening the race for Latin America’s car-booking market.

Learn more about Cabify and Easy on TechCrunch or The Financial Times.

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