Maxi Mobility's Cabify Announces $160 Million Financing Round

On January 22, 2018, Maxi Mobility Inc., the operator of Cabify, a ride-sharing app based in Madrid and active in Spain, Portugal, and Latin America, announced that it has closed a $160 million Series E round of financing. Wilson Sonsini Goodrich & Rosati represented Cabify and its parent company, Max Mobility, in the transaction.

According to press reports, the Series E comes from both previous and new investors, including Rakuten Capital, TheVentureCity, Endeavor Catalyst, GAT Investments, Liil Ventures and WTI, as well as local prominent investors from Spain and Latin America.

The WSGR team that represented Maxi Mobility/Cabify was led by partner Todd Carpenter and included associates Matt Squires, Tara Capsuto, and Kari Manlove.