Maxi Mobility's Cabify Announces $120 Million Series C Financing
On April 20, 2016, Maxi Mobility, the operator of Cabify, a ride-sharing app based in Madrid and active in Spain and Latin America, announced that it has closed a $120 million Series C round of financing, with participation by Japanese e-commerce company Rakuten. WSGR is representing Maxi Mobility/Cabify in the transaction.
According to press reports, Cabify—which now operates in Spain, Mexico, Chile, Colombia, and Peru—will use the new funding to expand into major Latin American cities including São Paulo, Rio de Janeiro, and Buenos Aires, as well as some new cities in Europe.
The WSGR team that represented Maxi Mobility/Cabify was led by partner Rachel Proffitt and included Matthew Staples, Jon Adams, Tara Capsuto, Ryan Greecher, Seth Helfgott, Larry Perrone, Grant Reid, and Christopher Williams.
For additional information, please see Cabify's website.