Transport Cars

UK’s Kabbee raises a multi-million dollar round for another solution to cab-hailing

Excerpt from TechCrunch

Oct 01, 2012 12:48 pm

Skift Take

Social travel planning sites are officially so last year. In their place we now have taxi-related tech startups that promise to make cab hailing so much better.

— Jason Clampet

Free Report: The Changing Business of Extended-Stay Hotels

London-based cab price comparison and booking startup Kabbee has raised $3.25 million in an intermediate funding round, led by Samos Investments, with “significant contributions” from Pentland Group and Redbus Group. Betfair Founder Ed Wray also invested, along with two angel investors who work at Smedvig Capital. Wray will now play an active role in advising Kabbee, along with Tim Levene from Augmentum Capital.

A “much larger” Series A investment will follow next year, according to Kabbee CEO Justin Peters. To date, he says the startup has raised around $4.5 million.

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