Intelligent Apps, the Hamburg, Germany-based startup behind popular taxi ordering smartphone application myTaxi, has raised 10 million euros in growth funding from car2go, a subsidiary of Daimler, Germany’s third largest carmaker. XING and Hackfwd founder Lars Hinrichs also participated in the financing round, as did previous backers T-Venture (Deutsche Telekom) and KfW Bankengruppe.
According to Bloomberg Businessweek, Daimler took a 15 percent stake in the mobile apps developer.
Intelligent Apps claims myTaxi has a market share of no less than 80 percent in Europe, and is still growing fast. The app has been downloaded 800,000 times to date, and 7,000 taxi drivers have registered for the service so far. Currently available in over 30 cities in Germany, Austria and Switzerland, Intelligent Apps says it aims to develop strategic partnerships with its investors, Deutsche Telekom and car2go.
For your background: Daimler is said to manufacture more than 60 percent of all taxis in Germany.
The startup says it will focus on expanding in countries like Spain, England and The Netherlands.
Last Summer, Sarah Lacy wrote a post about another European company in this space: Get Taxi.