GetTaxi grabs another £13M in funding, brings total so far to £20M as US expansion looms

June 11, 2012 By Leave a Comment

The Big Apple and Paris are the next big targets for GetTaxi after securing a sizeable investment round of £13 million from Access Industries to spearhead its expansion.

The company has already launched in the UK capital of London and is plotting its first foray across the Atlantic to capture both business and leisure travellers, as well as locals, using the thousands of yellow cabs in New York City.

The latest injection of capital follows the £7 million already pumped in to the company, also from Len Blavatnik’s Access Industries. GetTaxi founders Shahar Waiser and Roi More also participated in the round.

The service is a iPhone, Android, Blackberry and Symbian application which allows users to order registered taxis in a city (the famous Black Cabs in London, for example) from their handsets, find pick-up points on a map and location of the taxi from the user, rate the driver of a vehicle and pay with a credit card.

The company says it has already attracted over 400 enterprise clients and has around 2,500 cabs using the GetTaxi technology. More 400,000 downloads of the app have been made since the company launched in 2010 and 15 cities (mostly in Israel) are now included on the system, including Moscow.

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Kevin May About Kevin May

Kevin May is editor of Tnooz. He joined as a co-founder in August 2009 after spending nearly four years as editor of UK-based business publication Travolution.

Passionate about the business of travel and the internet, Kevin played a major role in establishing Travolution in print, online, events and with an annual awards programme, as well as becoming a regular speaker and moderator at industry events.

Prior to Travolution, Kevin was web editor at Media Week (UK) and also worked in regional newspapers for two years at the Essex Enquirer. He started his career in journalism at the Police Gazette at New Scotland Yard in London.

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