Funding round
Cabify Series B
Cabify, which works in mobility solutions services in Madrid, raised $12M in a Series B round announced on 12 Oct 2015, led by Rakuten, at a $114M post-money valuation. 2 firms took part, 1 of them already investors. It is Cabify's second venture round on record; the one before was a Seed in Sep 2014.
$12M
Amount raised
$114M
Post-money valuation
2
Investors
1 lead
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cabify at $114M after the new money. The $12M bought investors about 11% of the company. It came 13 months after Cabify's Seed. It is 2.4% of the $506M Cabify has raised in the venture rounds on record. Cabify raised again 6 months later: a Series C round of $120M in Apr 2016, at $320M post-money.
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 this round 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 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
Rakuten led the round with 1 other firm. Seaya had backed Cabify before.
Lead investor
- Rakuten new investor
Also in the round
- backs 33 venture-backed companies existing investor
Joined the board: Oskar Mielczarek de la Miel (Rakuten FinTech Fund).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Oct 2015 | $85M | not disclosed | JMI Equity and New Enterprise Associates |
| Insurance - Agents, Carriers & Brokers | 21 Oct 2015 | $31M | not disclosed | Oak HC/FT |
| Payment Processing & Point of Sale | 22 Oct 2015 | $28M | not disclosed | Oak HC/FT |
| Tech Companies | 9 Oct 2015 | $27M | not disclosed | Thrive Capital |
| Tech Companies | 1 Oct 2015 | $27M | not disclosed | Balderton Capital |
| Medical Supply Manufacturers | 20 Oct 2015 | $25M | not disclosed | 5AM Ventures |
| Doctolib Tech Companies | 14 Oct 2015 | $20M | not disclosed | Accel |
| Language & Speaking Schools | 1 Oct 2015 | $20M | not disclosed | NLVC |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Cabify raise in its Series B round?
Cabify raised $12M in its Series B round, announced in Oct 2015.
Who led Cabify's Series B round?
Rakuten led it, with Seaya.
What was Cabify's valuation at the Series B round?
$114M post-money.
Did Cabify raise again after this round?
Yes: a Series C round in Apr 2016 of $120M at $320M post-money.