Funding round
Cabify Growth
Reported as "Growth Equity"
Cabify, which works in mobility solutions services in Madrid, raised $110M in a Growth round announced on 28 Mar 2023, led by Orilla Asset Management. 4 firms took part. It is Cabify's sixth venture round on record; the one before was a Series E in Jan 2018.
$110M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Cabify did not disclose a valuation in this round; its last disclosed one was $1.40B at the Series E (Jan 2018). It came 62 months after Cabify's Series E. It is 22% of the $506M Cabify has raised in the venture rounds on record. No later venture round is on record for Cabify.
Cabify's funding rounds
Cabify has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 30 Sep 2014 $4.0M
- Series B 12 Oct 2015, led by Rakuten $12M$114M post-money
- Series C 20 Apr 2016, led by Rakuten $120M$320M post-money
- Series D 14 Dec 2017, led by Rakuten, Seaya and AngelList $100M
- Series E 23 Jan 2018 $160M$1.40B post-money
- Debt not a venture round 11 May 2022 $42M
- Growth this round 28 Mar 2023, led by Orilla Asset Management $110M
- Debt not a venture round 11 Jan 2024, led by BBVA Spark $16M
Investors
Who put money in
Orilla Asset Management led the round with 3 other firms.
Lead investor
- new investor
Also in the round
- AXIS new investor
- Fond-ICO Next Tech new investor
- European Investment Bank backs 40 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Digital & Marketing Agencies | 8 Mar 2023 | $375M | $1.60B | Ares Management Corporation |
| Anthropic Tech Companies | 8 Mar 2023 | $300M | $4.10B | Spark Capital |
| Insurance - Agents, Carriers & Brokers | 6 Mar 2023 | $270M | not disclosed | not named |
| Cable & Internet Providers | 15 Mar 2023 | $200M | not disclosed | Digital Alpha Advisors |
| Real Estate Rental | 13 Mar 2023 | $200M | not disclosed | not named |
| Travelport Travel Agencies | 31 Mar 2023 | $200M | not disclosed | Siris Capital Group and Elliott Management |
| Tech Companies | 7 Mar 2023 | $175M | not disclosed | BuildGroup and Monroe Capital |
| Solar Energy Company | 6 Mar 2023 | $150M | not disclosed | TPG |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Cabify raise in its Growth round?
Cabify raised $110M in its Growth round, announced in Mar 2023.
Who led Cabify's Growth round?
Orilla Asset Management led it, with AXIS, Fond-ICO Next Tech and European Investment Bank.
What was Cabify's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.40B at the Series E (Jan 2018).