Investment to provide the momentum to expand the platform’s availability to drivers and riders in more African cities
Taxify, leading European ride-hailing company with operations in Nigeria, has completed an investment round of $175 million. The company will use the investment to further develop its ride-hailing technology and continue working on best ways to move in cities, particularly in Europe and Africa.
The investment round was led by global automotive leader Daimler that counts several European mobility and technology companies amongst its portfolio. Daimler will also join the board of Taxify.
European venture capital fund Korelya Capital and TransferWise co-founder TaavetHinrikus joined existing investors including DidiChuxing in a round that brings Taxify’s valuation to $1 billion.
Uche Okafor, Nigeria country manager for Taxify said: “This investment is…
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