Ride-Hailing App Cabify Is Said to Work on Pre-IPO Funding Round
- Holding talks with investment funds to raise over $112 million
- Joins growing list of ride-hailing co’s looking at listing
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Maxi Mobility SL, the holding company of Spanish ride-hailing service Cabify, is working on a funding round ahead of an initial public offering, according to people familiar with the matter.
Cabify, backed by investors including Rakuten Inc, is holding talks with investments funds to raise somewhere between 100 million ($112 million) and 300 million euros, according to the people, who can’t be named because the matter is private. The company is raising money ahead of an initial public offering, which could potentially take place next year, one of the people said.