Cabify, often known as “the Spanish Uber” has raised $120m in a Series C funding round to expand its Spanish and Latin American operations. The company is also expanding into the Middle East with plans for an office in Dubai that will be open by mid-2017. Rakuten also participated in a $1bn round in Lyft earlier this year.
Cabify, often known as “the Spanish Uber” has raised $120m in a Series C funding round to expand its Spanish and Latin American operations. The round was led by Japanese web giant, Rakuten, which put in a fresh $92m further to the $3m it invested last year, because, according to the Wall Street Journal, it is interested in Cabify’s Latin American presence and “willingness to work with regulators.” Rakuten also participated in a $1bn round in Lyft earlier this year.