Last GO valuation
$985M
Series D · May 2023
Last GO funding round
Series D
Amount undisclosed · Oct 2023
Cumulative funding GO raised
$73M
across 2 funding rounds
Key investors in GO
Goldman Sachs
Fidelity International
About GO
GO is a Japanese mobility technology company developing dispatching software and hardware for taxi operators and ride-hailing services. Headquartered in Tokyo, it supplies vehicle allocation systems, fleet management dashboards, and passenger apps integrated with major operators like Nihon Kotsu. Founded in 1973, the firm supports over 10,000 vehicles nationwide, incorporating GPS tracking and cashless payments for urban and regional transport.
Founded
1977
HQ
TokyoWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$985M (May 2023)
GO Valuation
GO is currently valued at $985M, based on its Series D in May 2023.
The $73M round was led by Goldman Sachs.
GO valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2023 | Series D | $985M |
GO Funding History
GO has raised a total of $73M across 2 funding rounds.
GO's first fundraising round was a $73M Series D in May 2023. The most recent completed round was a Series D in October 2023.
GO funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2023 | Series D | Fidelity International | - | - | GO announced on 27 October 2023 that it had resolved to raise capital through a third-party allotment of shares to Fidelity International and to Okayama Kotsu, the taxi operator within Japan's Ryobi Group, as an extension of its Series D round. The company did not disclose the amount. The extension followed the main Series D tranche of May 2023, in which Goldman Sachs led with JPY 10 billion at a reported valuation of about JPY 135 billion. GO said the proceeds would be used to expand the technical infrastructure behind its taxi app, improve its features and fund next-generation businesses aimed at wider mobility problems, while the tie-up with Okayama Kotsu strengthened its relationships with regional taxi fleets. Nicholas Price of Fidelity International said mobility was an area where the firm expected better efficiency and solutions, and that the platform had the potential to transform Japan's taxi market. GO operates the GO hailing app, which had passed 15 million downloads across 45 prefectures, alongside GO BUSINESS for corporate accounts, the DRIVE CHART driving-safety service and a decarbonisation offering for operators. The company listed on the Tokyo Stock Exchange in June 2026 in what was described as Japan's largest initial public offering of that year. |
| May 2023 | Series D | Goldman Sachs (lead) | $73M | $985M | GO Inc., a Tokyo-based mobility company, operates a taxi-hailing application called “GO” with 14 million downloads across Japan, providing vehicle dispatch systems to taxi operators and other IT services to update the mobility industry. On May 23, 2023, GO Inc. announced its Series D funding round, raising 10.0 billion yen (approximately 75 million USD) through a capital increase via third-party allotment of shares exclusively to Goldman Sachs as the lead and sole investor in this equity financing. The funds are allocated to expand system infrastructure, enhance application functionality, and develop next-generation mobility businesses to address societal issues, aligning with the company's mission of “Empowering Happiness through Mobility.” Hiroshi Nakajima, President of GO Inc., highlighted the significance of Goldman Sachs' investment amid challenging global startup market conditions, viewing it as validation of the company's social credibility and a catalyst to advance its mission. The round underscores Goldman Sachs' strategy of backing growing companies worldwide, marking their entry as a key stakeholder in GO Inc. |
Who has invested in GO?
2 investors have backed GO across its funding rounds, including Goldman Sachs and Fidelity International.
Lead investors include Goldman Sachs.
GO Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 GO investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGO Competitors
GO competitors include listed companies like Ryde Group and GuoChuang Software, and private ones like Scoop, Gatik, Glydways and Platform Science.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
 San Francisco, CA | Private | - | - | $250M | |
 Singapore | Publicly listed | $10M | ($13M) | $126M | |
| San Francisco, CA | Private | - | - | $700M | |
| San Francisco, CA | Private | - | - | $700M | |
| San Diego, CA | Private | - | - | $575M | |
 China | Publicly listed | $220M | ($17M) | $960M |
GO Public Comps
GO is still privately-owned, but its public comps include Keytop Parking, CaoCao, GuoChuang Software, Beijing eGova, Jiangsu Tongxingbao, JSTI, e-Hualu, Guotai Epoint Sofware, Blackbuck and Duolun Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $124M | $29M | 7.5x | - | 32.3x | - | |||
| $3B | $51M | 0.6x | 0.6x | 35.8x | 33.9x | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $90M | ($52M) | 8.4x | - | (14.5x) | - | |||
| $159M | $47M | 2.7x | - | 9.2x | - | |||
| $622M | $30M | 1.6x | 1.7x | 32.7x | 13.8x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $274M | $14M | 1.3x | 1.4x | 26.2x | 25.3x | |||
This data is available for Pro users. Sign up to see all GO competitors and their valuation data. Start Free Trial | ||||||||
Common questions about GO
| When was GO founded? | GO was founded in 1977. |
| Where is GO headquartered? | GO is headquartered in Tokyo, Japan. |
| Is GO publicly listed? | No, GO is a private, VC-backed company. |
| What is GO's valuation? | GO was last valued at $985M in its Series D in May 2023. |
| How much funding has GO raised? | GO has raised $73M across 2 funding rounds. |
| What was GO's last funding round? | GO's last funding round was a Series D in October 2023. |
| Who are GO's investors? | GO's investors include Fidelity International and Goldman Sachs. |
| Which companies are comparable to GO? | Companies comparable to GO include Scoop, Ryde Group, Gatik, Glydways, Platform Science and GuoChuang Software. |
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