Daimler-Backed Luxury Taxi Startup Raises Funds After Tough Year
- Chauffeuring service’s revenues declined 99% during lockdown
- Company is investing in new services as it eyes an IPO in 2023
This article is for subscribers only.
Blacklane GmbH, a Berlin-based chauffeuring startup, raised 22 million euros ($26 million) from existing investors to help it roll out new businesses after taking a deep hit from the coronavirus pandemic.
The company, which works with driving services to offer consumers premium rides, said the funds came from existing investors, including Daimler AG. The company’s value increased from a previous round in 2018, Blacklane said without disclosing the amount.