Cabify, often known as “the Spanish Uber” has raised $3m 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 $120m 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.
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.