Flywheel Gets $14.8 Million To Double Down On Bringing Tech To The World Of Taxi Drivers
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Flywheel, the San Francisco-based company that operates the mobile and web taxi-hailing app formerly known as Cabulous, has raised $14.8 million in a new round of venture funding.
The round, which serves as Flywheel’s Series B, was led by new investor Craton Equity Partners as well as continuing participation from Series A investors RockPort Capital and Shasta Ventures. This brings the total amount invested into the company, which currently has around 30 staff, to about $25 million.
It’s a strong company in an interesting space, so we met up with Flywheel CEO Steve Humphreys to take the latest version of Flywheel’s app for a spin and to talk about the new funding and how it will steer the company’s future. Watch us talk about all of that — while riding in a Flywheel enabled taxi — in the video embedded above.