Cabify Revenue, Valuation, Funding & Investors
Cabify is valued at $1.5B as of March 2023, a 1.7x multiple on its last reported $900M revenue.
Last Cabify valuation
$1.5B
Undisclosed stage · Mar 2023
Last Cabify funding round
$65M
Undisclosed stage · Mar 2023
Cabify revenue
$900M
Undisclosed stage · Mar 2023
Key investors in Cabify
Seaya
Rakuten Capital
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Brendan WallaceVARIV
- Kevin Laws
Endeavor Catalyst
About Cabify
Cabify is a Madrid-headquartered ride-hailing service operating in Spain, Portugal, and Latin American countries including Mexico, Colombia, and Peru. The app offers economy, comfort, and premium vehicle classes with licensed professional drivers. Launched in 2011, Cabify integrates carbon offset options and corporate accounts for fleets. It competes in markets like Santiago and Buenos Aires with fixed pricing during peak hours.
Founded
2011
HQ
MadridWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$900M (Mar 2023)
Valuation
$1.5B (Mar 2023)
Cabify Valuation
Cabify is currently valued at $1.5B, based on its undisclosed-stage round in March 2023.
The $65M round included Orilla Asset Management and AXIS Participaciones Empresariales.
Cabify's valuation has grown 13x from $115M at its Series B in October 2015 to $1.5B in March 2023, across 4 priced rounds.
Cabify valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2023 | Undisclosed stage | $1.5B | 1.7x |
| Jan 2018 | Series E | $1.4B | - |
| Apr 2016 | Series C | $320M | - |
| Oct 2015 | Series B | $115M | 2.9x |
Cabify Revenue
Cabify's latest recorded revenue is $900M, as of its undisclosed-stage round in March 2023. At a $1.5B valuation, that implies a 1.7x revenue multiple.
Revenue grew from $40M in October 2015 to $900M in March 2023, while the revenue multiple moved from 2.9x to 1.7x.
Cabify revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2023 | $900M | $1.5B | 1.7x | Undisclosed stage |
| Oct 2015 | $40M | $115M | 2.9x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Cabify Funding History
Cabify has raised a total of $469M across 7 funding rounds.
Cabify's first fundraising round was a $8M Series A in April 2014. The most recent completed round was a $65M undisclosed-stage round in March 2023.
Cabify funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2023 | Undisclosed stage | Orilla Asset Management; AXIS Participaciones Empresariales | $65M | $1.5B | Cabify, a Madrid-based ride-hailing platform founded in 2011 by Juan de Antonio, operates in Spain and Latin America, competing with Uber in cities across Argentina, Chile, Colombia, Mexico, Peru, and Uruguay. It connects users with drivers, emphasizing sustainable mobility through electric vehicles and e-mopeds, serving over 42 million registered users and 1.2 million drivers as of March 2023. The company plans to expand to 25 more urban centers and triple revenues in three years while enhancing its technology stack. On March 28, 2023, Cabify raised $110 million in a mix of equity and debt, with equity investors including Orilla Asset Management, AXIS Participaciones Empresariales, and others. The round valued the company at $1.49 billion post-money, recognizing its growth potential in sustainable urban mobility. Funds are earmarked for geographic expansion, technology improvements, and increasing electric vehicle adoption in its fleet. Around the funding announcement, Cabify reported strong historical growth, with 2022 turnover at approximately $683.8-688 million, up 32% from 2021's $518 million and 24% above 2019 levels. It achieved economic profitability in Q4 2019 and 2022. Later 2023 reports showed gross revenue reaching $899.1 million (up 30.7%), gross profit at $111.1 million (up 40.9%), and break-even or slightly positive EBITDA globally. |
| Jan 2018 | Series E | Rakuten Capital (lead); GAT Investments; TheVentureCity; Liil Ventures; Endeavor Catalyst; Western Technology Investment; Bossa Invest | $160M | $1.4B | Cabify, a Madrid-based ride-hailing platform founded in 2011, closed a $160 million funding round in January 2018 led by Rakuten Capital at a $1.4 billion post-money valuation. The round included investors Bossa Invest, Endeavor Catalyst, GAT Investments, Liil Ventures, TheVentureCity, and Western Technology Investment. The funding supported Cabify's expansion across Spain, Portugal, and Latin America, where it competed with Uber and 99 in on-demand transportation services. The company operated across 14 countries and reported approximately 13 million global users at that time. In 2017, the year preceding the round, Cabify achieved 500 percent growth in gross revenues and travel requests, tripling its installed base and expanding trips six-fold compared to 2016. The company claimed to be very close to or achieving profitability at the time, with some markets already profitable, though the broader company remained pre-profitable on an operating basis. Following the funding, Cabify underwent organizational restructuring and workforce reduction aimed at achieving more scalable and efficient growth. |
| May 2017 | Series D | Rakuten Capital (lead); VARIV; Seaya; AngelList | $100M | - | Cabify, operating under parent company Maxi Mobility, is a Spain-based ride-hailing service competing with Uber, providing on-demand transport in over 40 cities across Spain, Portugal, and Latin America as of 2017. The company raised $100 million in its Series D round in May 2017, with lead investors including Rakuten, Seaya Ventures, and AngelList, aimed at bolstering its position in Latin American markets, particularly expansion in Brazil and Argentina. This followed a $120 million Series C round in April 2016 led by Rakuten at a $320 million post-money valuation, and a $12 million Series B in October 2015 also led by Rakuten. Prior to this, Cabify had raised approximately $146 million to $243 million cumulatively. The funding supported competition with regional players like Easy Taxi and 99, amid industry consolidation such as Didi Chuxing's investment in 99. |
| Apr 2016 | Series C | Rakuten Capital (lead); Partner Ventures | $120M | $320M | Cabify, a Spain-based ride-hailing platform competing with Uber, raised $120 million in its Series C round on April 20, 2016, led by Rakuten Capital with participation from undisclosed investors including Partner Ventures. The round valued the company at $320 million post-money ($200 million pre-money), bringing total funding to approximately $147 million after a prior $12 million Series B also led by Rakuten in October 2015. Rakuten, a Japanese e-commerce giant and investor in Lyft, committed significantly to support Cabify's expansion. Proceeds were earmarked for growth in Latin America, starting with Brazil and Argentina, alongside forming strategic partnerships with ride-hailing apps like Lyft and Didi Kuaidi, and automotive manufacturers such as those akin to Daimler and General Motors' investments in the sector. Cabify operated in 14 cities across Spain, Chile, Peru, Mexico, and Colombia at the time, emphasizing a lean approach prior to this funding, having raised less than $30 million previously from investors like Seaya Ventures and the Winklevoss twins. The company demonstrated strong traction with 9-fold revenue growth in 2014 and 7-fold in 2015, though specific revenue or ARR figures were not disclosed around the round. Rakuten praised Cabify's systematic, disruptive strategy and leadership under CEO Juan de Antonio. This Series C built on Rakuten's prior involvement, positioning Cabify to challenge Uber through international alliances and manufacturer collaborations rather than heavy subsidies. Subsequent rounds included a $100 million Series D in May 2017 and $160 million Series E in January 2018 at $1.4 billion valuation, reflecting continued expansion in Latin America, Spain, and Portugal, with focus on operations, security, and new payment systems. |
| Oct 2015 | Series B | Rakuten Capital (lead); Daniel Curran; VARIV; Cometa; Brendan Wallace; Seaya; Unpopular Ventures | $12M | $115M | Cabify is a Madrid-based on-demand ride-hailing service that provides high-end car transportation for consumers and businesses across Spain and Latin America. The company operates in 14 cities spanning Spain, Mexico, Peru, Chile, and Colombia, with Latin America accounting for 80% of its revenue at the time of the round. In October 2015, Cabify closed a $12 million Series B round led by Rakuten via its FinTech Fund, with participation from existing investor Seaya Ventures. This brought total funding raised to $26.5 million since the company's founding in 2011. CEO Juan de Antonio stated the company expected to reach $40 million in sales in 2015, representing a 300% year-over-year increase from $10 million in 2014. Cabify differentiated itself through a focus on high-quality service and corporate customers rather than aggressive discounting, charging a standard 20% commission on each ride while drivers retained the remainder. The company claimed it could achieve EBITDA positivity across all operating markets but continued investing in growth to expand market share. The Series B capital was allocated to expand operations in existing cities and open new markets throughout Latin America, particularly leveraging Rakuten's e-commerce expertise to explore entry into the delivery business. |
| Oct 2014 | Series B | Kevin Laws (lead); Seaya (lead); Four Cities Capital | $4M | - | - |
| Apr 2014 | Series A | Kevin Laws (lead); Seaya (lead); Brendan Wallace; Marc Bell Ventures; M13 | $8M | - | Cabify, founded in 2011 in Madrid, provides an on-demand high-end car service operating in Spain, Mexico, Chile, and Peru, with a cheaper Cabify Lite option to compete with taxis. The company achieved 30% month-over-month growth in Latin America since early 2014 and expanded into Colombia. In April 2014, Cabify raised $8 million from investors including Seaya Ventures and others based in Latin America, followed by an additional $4 million led by Seaya Ventures and Black Vine (managed by Kevin Laws), bringing the Series B total to around $12-16 million. Latin America accounted for 80% of revenue, with corporate clients representing over 60% of income. Cabify generated $10 million in revenue in 2014, up from $1 million in 2013, and projected $40 million for 2015 while charging a 20% commission per ride. |
Who has invested in Cabify?
21 investors have backed Cabify across its funding rounds, including Seaya, Rakuten Capital, Brendan Wallace, VARIV, Kevin Laws and Endeavor Catalyst.
Lead investors include Rakuten Capital, Kevin Laws and Seaya.
Cabify Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Tokyo | 4 | Lead | Oct 2015 | |
| Madrid | 4 | Lead | Apr 2014 | |
 Mexico City | 2 | Participant | Oct 2015 | |
| Brendan Wallace |  Los Angeles, CA | 2 | Participant | Apr 2014 |
| Kevin Laws | San Francisco, CA | 2 | Lead | Apr 2014 |
| Daniel Curran | Los Angeles, CA | 1 | Participant | Oct 2015 |
| Mexico City | 1 | Participant | Oct 2015 | |
| GAT Investments |  Harare | 1 | Participant | Jan 2018 |
| Madrid | 1 | Participant | Mar 2023 | |
| Boca Raton, FL | 1 | Participant | Apr 2014 | |
| Boston, MA | 1 | Participant | Oct 2014 | |
| Los Angeles, CA | 1 | Participant | Apr 2014 | |
| San Francisco, CA | 1 | Participant | Apr 2016 | |
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Start Free TrialAcquisitions by Cabify
Cabify has acquired 1 company to date.
Last acquisition by Cabify was on January 1st 2017. Cabify acquired Easy Taxi for undisclosed valuation.
Latest Acquisitions by Cabify
| Description | Easy Taxi is a ride-hailing application headquartered in São Paulo, Brazil, founded in 2011, that connects passengers with taxi drivers via Android, iOS, Windows Phone, and BlackBerry platforms. The service enables real-time booking and tracking, while separate apps Easy Taxi PRO and Easy Taxi Corporate serve business and enterprise users. It expanded across Latin America before its acquisition by Cabify in 2017, promoting improved urban mobility and reduced traffic congestion. |
| HQ Country |  |
| HQ City | São Paulo |
| Deal Date | 1 Jan 2017 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Cabify acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Cabify
Cabify has invested in 1 company to date.
Latest investment by Cabify was on August 20th 2020. Cabify invested in Lana in their $13M Series A round.
Latest Investments by Cabify
| Description | Lana is a Mexico City-based fintech platform that delivers digital banking services to underserved populations in Mexico, Chile, and Peru. The app facilitates payments, savings accounts, credit products, and remittances tailored for users excluded from traditional banking. Launched in 2019, Lana has grown to millions of users by partnering with local merchants and offering instant transfers via SPEI in Mexico. Its services include buy-now-pay-later options and investment tools, backed by investments from Kaszek Ventures and Tencent. |
| HQ Country | |
| HQ City | Madrid |
| Deal Date | 20 Aug 2020 |
| Round | Series A |
| Raised | $13M |
| Investors | Base10 Partners; Cathay Innovation |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Cabify investments and their VC round multiples. Start Free Trial | |
Cabify Competitors
Cabify competitors include listed companies like GO, Lime, Goto Gojek Tokopedia and Lyft, and private ones like BlaBlaCar and Voi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Japan | Publicly listed | $266M | $49M | $1.7B | 5.3x | |
| United States | Publicly listed | $887M | $87M | $2B | - | |
 Indonesia | Publicly listed | $1B | ($16M) | $3B | 1.7x | |
| United States | Publicly listed | $6.3B | $103M | $5.9B | 0.8x | |
 Paris | Private | $291M | - | $2B | 6.9x | |
 Stockholm | Private | $33M | - | $1B | - |
Cabify Public Comps
Cabify is still privately-owned, but its public comps include CarTrade Tech, Moltiply Group, eFinance, Izumi Co, Mony Group, GO, Alma Media, ACV Auctions, BuySell Technologies and The RealReal.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $81M | $33M | 17.5x | 15.6x | 43.2x | 43.8x | |||
| $787M | $148M | 2.4x | 2.3x | 13.0x | 8.6x | |||
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $3.7B | $300M | 0.6x | 0.6x | 6.9x | 6.8x | |||
| $599M | $184M | 2.3x | 2.3x | 7.5x | 7.1x | |||
| $266M | $49M | 5.4x | 5.3x | 29.4x | 24.7x | |||
| $377M | $110M | 3.8x | 3.7x | 13.1x | 11.6x | |||
| $760M | ($19M) | 2.3x | 2.1x | (89.6x) | 24.8x | |||
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Common questions about Cabify
| When was Cabify founded? | Cabify was founded in 2011. |
| Where is Cabify headquartered? | Cabify is headquartered in Madrid, Spain. |
| Is Cabify publicly listed? | No, Cabify is a private, VC-backed company. |
| What is Cabify's valuation? | Cabify was last valued at $1.5B in its undisclosed-stage round in March 2023. |
| How much funding has Cabify raised? | Cabify has raised $469M across 7 funding rounds. |
| What was Cabify's last funding round? | Cabify's last funding round was a $65M undisclosed-stage round in March 2023. |
| Who are Cabify's investors? | Cabify's investors include Rakuten Capital, Seaya, VARIV, Brendan Wallace, Kevin Laws, Daniel Curran, Cometa, GAT Investments, Orilla Asset Management, Marc Bell Ventures and 11 others. |
| What is Cabify's revenue? | Cabify's latest recorded revenue is $900M (March 2023). |
| What is Cabify's revenue multiple? | Cabify's latest valuation implies a 1.7x revenue multiple ($1.5B valuation on $900M of revenue). |
| Which companies are comparable to Cabify? | Companies comparable to Cabify include GO, Lime, Goto Gojek Tokopedia, Lyft, BlaBlaCar and Voi. |
| How many companies has Cabify acquired? | Cabify has acquired 1 company, including Easy Taxi. |
| How many companies has Cabify invested in? | Cabify has invested in 1 company, including Lana. |
| What was Cabify's last investment? | In August 2020, Cabify invested in Lana's $13M Series A alongside Base10 Partners and Cathay Innovation. |
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