GetTaxi, a US-based taxi app and taxi fleet with operations in Israel, Russia and the UK, has closed a $12m series C funding round led by growth company investment firm Kreos Capital with participation from existing investors.
At the same time as closing its C round, GetTaxi is launching its operations in New York with the establishment of a network of black cars, known as G-Cars: if and when the capped supply of 13,000 yellow taxis fails to meet consumer demand, it is intended that the supply of G-Cars should fill the void.
GetTaxi’s total funding comes to $42m, including the C round. Previously, GetTaxi raised $20m in 2012, with the participation of Access Industries, the US-based industrial holding company owned by businessman Len Blavatnik. In 2011, GetTaxi raised $8m in series A funding; in 2010 it raised $2m in seed funding.
Jing Herman, US chief executive officer of Gettaxi, said: “We are thrilled to be launching GetTaxi in New York. The pain point that we want to solve is when yellow taxis are simply unavailable. Our G-Cars will be the solution for New Yorkers on the go.”
GetTaxi founder and chief executive officer Shahar Waiser said: “In blending the best user experience of apps with live customer support and competitive pricing, we have built a uniquely disruptive model that’s been a proven winner in large markets as diverse as Tel Aviv, Moscow, and London.”