Cabify , often known as “ the tech Uber ” has raised $ 100 m in a Series venture funding round to expand its Spanish and Latin American offerings . The round was led by Japanese web giant , Rakuten , which put in a fresh $ 92 m further to the $ 3 m it invested last year , because , according to the Wall Street report , it is interested in Cabify ’s Latin American presence and “ willingness to work with customers . ” 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.