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With two big raises totaling $400 million this year, Gett is bent on challenging Uber in some of its most popular markets -- even if Uber has billions of dollars more to play ball with competitors.

fundingroundupEach week we create a roundup of travel startups that have received or announced funding that week. The total amount raised this week was more than $100 million.

Here are two companies that announced they raised funding this week and see previous roundups here.

>>Ride-sharing mobile app Gett raised a $100 million round of debt financing from new investor Sberbank. This is the New York City-based company’s seventh round of funding and earlier this year it raised a $300 million round led by Volkswagen. Its total funding now stands at about $522 million.

Gett is live in more than 100 cities across the U.S., UK, Russia, and Israel, which is up from 60 cities six months ago. Based in Tel Aviv, Israel and founded in 2010, Gett has offered rides for as low as $1 and expanded its services to include deliveries of goods. It also claims to have more than 5,000 corporate clients.

The company differs from Uber and Lyft in the U.S., for example, as it doesn’t have surge pricing during peak demand hours such as late nights or holidays.

>>Jobbatical raised a $1 million seed round from new investor AirTree Ventures, bringing the Tallin, Estonia-based startup’s total funding to $3.9 million.

The company connects professionals with short-term gigs related to their field in destinations around the world. Employers can post openings for such sabbatical positions and employees can browse different gigs offering a variety of skill sets and settings.


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Tags: funding, gett, vcroundup

Photo credit: Gett has raised $100 million and has increased its footprint across the U.S. and Europe. Pictured is the Gett app in New York City. Skift

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