Quantcast
Transport Cars

Hailo readies for New York’s taxi app showdown with $30 million in funding

Excerpt from All Things D

Dec 25, 2012 8:56 am

Skift Take

Although valued at nearly half of Uber, Hailo has been thoroughly preparing for a full-throttle launch in 2013 by building a rapport with drivers and securing this second round of funding.

— Samantha Shankman

Free Report: The Megatrends Defining Travel in 2015

Come Attend the Best Conference in Travel

Henrique Pinto  / Flickr.com

Taxis drive through Times Square. Henrique Pinto / Flickr.com


Hailo, the European taxi-hailing app, is raising a large round of funding as it prepares to do battle in the U.S. market, specifically in New York City.

The London-based company is poised to close a $30 million in Series B funding, according to multiple sources close to the situation, with the likely lead investor being Fred Wilson of NYC-based Union Square Ventures.

The new round values Hailo at about $140 million, sources said. That’s a discount from competitor Uber, which was valued at more than double that amount when it raised funding a year ago.

Read the Complete Story →

Tags: , , ,

Next Up

More on Skift

8 Charts That Show the State of Mobile Video Around the World
Expedia Cozies Up to Google While Boycotting TripAdvisor Hotel Bookings
Southwest Is the Most Contrarian U.S. Airline and That’s Why It Always Wins
How Hotels and Airports Cater to the 21st Century Business Traveler