Hailo Raising $30M at $140M Valuation for Epic NYC E-Taxi Throwdown With Uber

Hailo, the European taxi-hailing app, is raising a large round of funding as it prepares to do battle in the U.S. market, specifically in New York City.

Hailo

The London-based company is poised to close a $30 million in Series B funding, according to multiple sources close to the situation, with the likely lead investor being Fred Wilson of NYC-based Union Square Ventures.

Hailo has been hailed as one of the most promising European start-ups, and had raised $17 million in Series A funding from Accel Partners, Atomico and Wellington Partners earlier this year. The app helps iPhone and Android users secure yellow cab rides on the go, and pay for them automatically with a credit card.

read more here; http://allthingsd.com/20121224/hailo-raising-30m-at-140m-valuation-for-epic-nyc-e-taxi-throwdown-with-uber/

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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