Cabify
Cabify, the Madrid-based Uber rival, says it’s raised $110M
It’s 2023, and we’re years past the peak of monster fundraising for on-demand transportation and delivery startups locked in highly competitive races with each other to dominate urban consumer mobility.…
Abacum, a SaaS for finance teams, adds $25M in Atomico-led Series A
Abacum, a SaaS maker geared toward upgrading midsized companies’ financial planning and analysis tools, has fast-followed the $7 million seed it raised in April with a $25 million Series A…
Cabify bolts on grocery deliveries in Spain with Lola Market tie-up
Spanish ride-hailing unicorn Cabify is getting into grocery deliveries as it looks to add another string to its multimodal mobility and urban utility bow. It announced the addition of a…
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Startups and investors are turning to micromobility subscriptions
Micromobility vendors are keen to follow other industries into the subscription model for a few reasons: ease of scaling, return on investment and cost-per-mile to operate.
Cabify launches ‘Cabify Go!’, a multimodal subscription service
Cabify wants to own the way people in cities move. The Spanish-born ride-hailing company is rolling out a pilot multimodal subscription model to 40,000 users in Madrid this week, with…
HumanForest gets $2.3M from Cabify founders and others to grow a ‘free’ e-bike sharing service
HumanForest, a dockless, shared and ad-supported e-bike service which began trialling a service in London this June, has taken in its first tranche of external funding. The £1.8 million (~$2.3M)…
Lana has launched in Latin America to be the one-stop shop for gig workers’ financial needs
Lana, a new startup based in Madrid, is looking to be the next big thing in Latin American fintech. Founded by serial entrepreneur Pablo Muniz, whose last business was backed…
Latin America roundup: Neobanks raise $205M+; Softbank backs VTEX
Argentina’s Ualá became the most recent Latin American fintech to receive a growth-stage funding ($150 million) from Asian investors, Tencent and Softbank. This marks Tencent’s second round of investment in Ualá,…
Because of its vast population distributed in more or less similar countries regarding language, culture and religion, Latin America is an especially compelling region for the emergence of super apps.
China’s Didi kicks off expansion in Latin America with moves into Chile and Colombia
The wheels are turning on Didi Chuxing’s first major expansion in Latin America after the Chinese ride-hailing firm announced moves into Chile and Colombia to double its presence in the…
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The Stanford ties to Latin America’s startup renaissance
The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get. But it was in one of those houses, about…
Madrid-based micromobility startup Movo has closed a €20 million (~$22.5M) Series A funding round to accelerate international expansion. The 2017-founded Spanish startup targets cities in its home market and in…
Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt
Welcome back to the TechCrunch transportation newsletter; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. This is the fifth edition of our newsletter and we love the reader…
Cabify returns to Barcelona with a workaround for ride-hailing wait limits
Well that didn’t take long. Despite warning loudly and publicly that incoming changes to private-hire vehicle (VTC) rules in Catalonia would drive it out of Barcelona for good, and force…
Ford is partnering with what3words to give drivers access to the startup’s novel addressing system. Under the partnership, drivers will be able to connect to the free what3words app —…
Uber is suspending its professional taxi service in Barcelona from tomorrow almost a year after it re-entered the Catalan capital. The move follows the regional government agreeing new regulations for…
Rules to rein in ride-hailing apps coming to Barcelona
Catalonia’s regional government in Spain has agreed new rules to regulate the vehicle for hire (VTCs) sector that will require ride-hailing companies such as Uber and Cabify to substantially change…
Taxi drivers in major cities in Spain are on strike again to apply pressure for more stringent regulations to control app rivals such as Uber and Cabify which they view…
Sony’s venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one.…
Base10’s debut fund is the largest ever for a Black-led VC firm
Adeyemi Ajao, the co-founder and managing director of Base10 Partners, was surprised to hear his firm’s $137 million fund was the largest debut to date for a black-led venture capital…
Latin America is the next stage in the race for dominance in the ride-hailing market
As the number of competitors in the ride-hailing industry dwindles, geographic expansion is emerging as the next proving ground to determine who will be the victor in the ride-hailing market.
Spanish ‘anti-Uber’ taxi strike ends after government agrees new regulation
A national six-day taxi driver strike in Spain has ended after the government agreed to pass regulation that will allow the country’s autonomous communities to cap the number of private hire…
Uber and Cabify pause services in Barcelona after taxi strike turns violent
A two-day taxi driver strike in Barcelona this week, called to protest against the number of ride-hailing vehicles on the streets and failure to enforce national regulations that are supposed…
Spain’s Cabify ‘categorically denies’ that it is in negotiations for a full or partial sale to Lyft
Transportation-on-demand service Lyft, now valued at over $15 billion after raising another $600 million in June, is on the hunt to scale its business. One move it might not be…
Desperate for jobs, Venezuelan immigrants turn to ride-hailing services across Latin America
One month ago, Yonathan Segovia, a Cabify driver originally from Venezuela, was allegedly attacked by a mob of taxi drivers on the streets of Quito in Ecuador. In the video…
Uber rival Cabify raised $160M at a $1.4B valuation amid restructuring and CEO change
Cabify, the Madrid-based startup that competes with the likes of Uber and 99 in Latin America as well as Spain and Portugal, has closed out another round of funding as…
How Uber is growth hacking in Spain despite regulatory roadblocks
Taxi drivers in Spain are protesting against ride-hailing apps Uber and Cabify today, holding strikes in multiple cities and a protest march in the capital. Early reports suggest 20,000 protestors…
Taxi drivers in Spain are striking today in cities including Madrid, Barcelona and Valencia to protest at what they see as the exploitative practices of ride-hailing transportation apps Uber and…
Cabify nets $100M to take on Uber in Latin America, reportedly raising $400M more
One more regional on-demand transport startup is raising a big round of funding to fortify itself for the next phase of competition against the likes of Uber and incumbent taxi firms.…
Lyft, Cabify, 99Taxis & Others To Integrate Waze’s Routing Software In Their Own Apps
Waze, the popular Google-owned navigation app that helps drivers route around traffic and alerts them to other road hazards in real-time, is today announcing partnerships with half a dozen companies…
