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Cabify is a ride-hailing platform based in Madrid, Spain, that connects passengers with drivers to provide urban mobility services for individuals and businesses. The company operates its mobility network across six countries and more than forty cities throughout Spain and Latin America, including major markets in Chile, Argentina, Peru, Colombia, and Uruguay. Supported by a workforce of approximately 1,000 employees, the platform serves a network of over 50 million registered users alongside 1.5 million drivers and taxi members. Generating revenue through ride commissions and corporate B2B services for over 40,000 companies, the firm is backed by investors such as Seaya Ventures, with key figures including board director Beatriz González, Chief Financial Officer Juan Barbolla, and Chief of Ride-Hailing João Correia. Having achieved unicorn valuation status in 2018, Cabify was founded in 2011 by Juan de Antonio.
Cabify has raised $752.6M across 14 funding rounds.
Key people at Cabify.
Cabify was founded in 2011 by Francisco Montero (Global Settings / Co Founder) and Juan De Antonio (Co-Founder, CEO) and Vicente Pascual (Chief of Ride Hailing & Co-founder).
Cabify has raised $752.6M in total across 14 funding rounds.
Key people at Cabify.
Cabify has raised $752.6M across 14 funding rounds. Most recently, it raised $16.4M Debt in January 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2019 | Movo | $23.0M Series A | Javier Mira Prieto Moreno | Cathay Innovation, Entrée Capital Ventures, Bernardo Hernandez, Seaya Ventures, Edoardo Bianchi, Felix Ruiz Hernandez |
Cabify is a multi-mobility platform that provides ride-hailing, taxi, and delivery services for people and objects, primarily operating in Spain and Latin America across over 90 cities.[1][2][3] It serves urban passengers, corporate clients, and drivers by offering safe, reliable, affordable alternatives to private cars and traditional taxis through a mobile app, solving problems like urban congestion, poor public transport connectivity, and safety concerns in cities.[1][2][5] The company has demonstrated strong growth momentum, achieving unicorn status as Spain's first, facilitating 91 million rides for 76 million users with 1.2 million drivers in 2022, and raising $500 million to expand sustainable mobility in Ibero-America.[2][4][6]
Cabify was founded in May 2011 in Madrid, Spain, by Juan de Antonio, a telecommunications engineer and Stanford graduate who initially aimed to introduce electric vehicles in Europe but pivoted after facing market resistance due to high costs.[1][2][5] Starting as a premium "Executive" service with high-end vehicles for a niche market, it quickly gained traction: by February 2012, it had 20,000 users and 3,000 rides in Madrid, with over 150 taxi drivers joining soon after.[2] Key early milestones included launching the cheaper Cabify Lite in June 2013 (which became 85% of offerings by 2015), partnering with Waze in 2016 for faster trips and safety, and rapid international expansion starting with Latin America in 2012 (Mexico, Peru, Chile), followed by Portugal, Argentina, Brazil, and more cities.[1][2][3] Despite challenges like a 2018 Barcelona taxi strike halting operations, Cabify secured a €40 million loan from the European Investment Bank in 2022 for electric vehicles.[1]
Cabify rides the trend of sustainable urban mobility, capitalizing on growing demand for alternatives to inefficient private cars and underdeveloped public transit in Latin America and Spain, where subway systems are limited.[3][5] Timing aligns with rising environmental pressures and post-pandemic shifts toward tech-enabled, contactless transport, amplified by its early-mover status as Spain's first unicorn disrupting taxi monopolies.[2][4] Market forces like electric vehicle adoption (bolstered by 2022 EIB funding) and regulatory pushes for greener cities favor its expansion, while it influences the ecosystem by promoting social equity—through driver fairness, gender diversity, and carbon neutrality—inspiring high-impact practices globally.[1][5][6]
Cabify is poised to deepen its multi-mobility leadership in Ibero-America, leveraging $500 million funding for electric fleets and tech enhancements to capture more urban markets amid accelerating sustainability mandates.[6] Trends like EV proliferation, AI-optimized routing, and integrated public-private transport will shape its path, potentially expanding beyond current regions while maintaining carbon neutrality. Its influence may evolve from ride-hailing disruptor to key urban shaper, redefining mobility as a force for equitable, livable cities—echoing founder Juan de Antonio's original vision of safer, greener travel.[5][7]
Cabify was founded in 2011 by Francisco Montero (Global Settings / Co Founder) and Juan De Antonio (Co-Founder, CEO) and Vicente Pascual (Chief of Ride Hailing & Co-founder).
Cabify has raised $752.6M in total across 14 funding rounds.
Cabify's investors include Roberto Albaladejo, Eynat Guez, AXIS Capital, Orilla Asset Management, Ricardo Mourinho Felix, Blue like an Orange Sustainable Capital Fund, IDB Invest, AlleyCorp, TheVentureCity, VentureFriends, WestCap, Endeavor Catalyst.
