Brazil’s Easy Taxi Raises $40M to Continue Global Expansion

July 28, 2014

1:30 pm

Global startup Easy Taxi raised US $40 million in Series D funding led by the Russian Phenomen Ventures with the participation of German Tengelmann Ventures.

Backed by Rocket Internet, the Brazilian taxi hailing app startup has expanded its services in Latin America, Africa, the Middle East, and Asia. In the last year alone, Easy Taxi has added 150,000 drivers to their network and completed rides in over 160 cities. The new round of funding will be used to scale operations in their existing markets.

“We are very proud to have secured this new round of funding, which will allow us to continue our growth trajectory in existing markets, advance our technology, scale our operations, and improve our service towards more audiences and geographies. In particular, the expertise of our new investors aligns with our ambition to further increase our market share in Asia and consolidate our leadership in Latin America,” says Dennis Wang, co-CEO at Easy Taxi.

The Easy Taxi app is available for Android, iOS, Windows Phone, and Blackberry. Users can confirm a pickup point and order a cab with the press of a button, after which they receive a description of the driver and see a real-time map of the route.

Phenomen Ventures is a $300 million venture and growth equity firm with a presence in the US, Europe, and Israel. Phenomen portfolio companies reach 35 countries worldwide, including Weebly and Prosper.

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Camila has been heavily active in South Florida’s tech startup community, where she is a co-host of a local radio show called pFunkcast. Camila previously worked at Greenpeace International and the Organization of the Prohibition of Chemical Weapons (OPCW) in various communication roles. A proud Brazilian who spent most of he life in Peru, she is passionate about traveling and documentaries.

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