Funding round
Cabify Series E
Cabify, which works in mobility solutions services in Madrid, raised $160M in a Series E round announced on 23 Jan 2018, at a $1.40B post-money valuation. 6 firms took part. It is Cabify's fifth venture round on record; the one before was a Series D in Dec 2017.
$160M
Amount raised
$1.40B
Post-money valuation
$1.24B pre-money
6
Investors
no lead named
4.4x
Step-up from the Series C
$320M in Apr 2016
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cabify at $1.40B after the new money, 4.4 times the $320M of its Series C (Apr 2016). The $160M bought investors about 11% of the company. It came 1 month after Cabify's Series D. It is 32% of the $506M Cabify has raised in the venture rounds on record. Cabify raised again 62 months later: a Growth round of $110M in Mar 2023.
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 this round 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
6 firms took part; no lead investor was named.
Investors
- Rakuten Capital
- backs 21 venture-backed companies
- Endeavor backs 236 venture-backed companies
- GAT Investments
- backs 6 venture-backed companies
- backs 83 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Ridesharing, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ridesharing | 26 Feb 2018 | $1.50B | $5.00B | GV |
| Insightec Medical Supply Manufacturers | 31 Jan 2018 | $150M | not disclosed | Koch Disruptive Technologies |
| Health Care Services | 23 Jan 2018 | $33M | not disclosed | Bison Capital |
| Mining & Gas Exploration | 22 Jan 2018 | $5.0M | not disclosed | not named |
| bbinstant Groceries | 1 Feb 2018 | $300M | $950M | Alibaba Group |
| Restaurants | 7 Dec 2017 | $18M | not disclosed | Miller Investment Management |
| Tech Companies | 16 Nov 2017 | $1.7M | not disclosed | BIP Capital |
| Tech Companies | 6 Oct 2017 | $62M | $1.30B | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Cabify raise in its Series E round?
Cabify raised $160M in its Series E round, announced in Jan 2018.
Which investors took part in Cabify's Series E round?
Rakuten Capital, TheVentureCity, Endeavor, GAT Investments, Liil Ventures and Western Technology Investment.
What was Cabify's valuation at the Series E round?
$1.40B post-money ($1.24B pre-money).
Did Cabify raise again after this round?
Yes: a Growth round in Mar 2023 of $110M.