Developer of taxi booking app Taxify raises 1.4 mEUR

Taxify, developer of a taxi booking app of the same name, has raised 1.4 million euros to support expansion into new markets.

The founder of Taxify, Markus Villig, said the company will use the investment to reinforce its leader’s position in Eastern Europe and secure rapid growth in expanding into markets of Central Europe. In addition to Estonia, Finland, Latvia and Lithuania Taxify is planning to launch its service in four more countries of Europe in the coming months.

The parties behind the 1.4-million-euro investment are Adcash, Rubylight, Ask.fm and Odnoklassniki, TMT Investments, as well as angel investors Rain Rannu from Fortumo and Indrek Kasela.

Taxify is a taxi booking app with dispatcher and backend software solutions for taxi fleet management developed by the technology company Taxify established in Estonia in 2013. Taxify employs more than 30 people in eight countries.

Source: Baltic News Service through Estonian Review

 

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