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Hailo Raises $30 Million to Fund Taxi-Hiring App Expansion
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The taxi cab ordering app developer, Hailo says that it raised a further US$30.6 million as it expands its services into new cities.
The company also named Tom Barr, former Starbucks Head of Coffee Business as its new President and COO USA.
"In just over a year, we have operations in ten cities across six countries and sales in excess of $100M. We now have the senior team, resources, and the investment and corporate partners to deliver our vision of bringing Hailo to NYC, Tokyo, and every street corner in every major city in the world" says Jay Bregman, Hailo CEO and Co-Founder and native New Yorker.
Virgin Boss Richard Branson and Japan's KDDI also invested in the latest financing. KDDI signed an exclusive partnership to support launches in Asia, starting with Tokyo. Tokyo has 40,000 taxis and the Japanese taxi market is estimated at $25B, making this an extremely important growth area for Hailo.
Hailo is launching in New York City this quarter.
Tags: [hailo]
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