About Mytaxi
Mytaxi is a company based in Hamburg (Germany) founded in 2009 was acquired by Moovel in September 2014.. Mytaxi has raised $47.29 million across 4 funding rounds from investors including KfW, Union Square Ventures and KDDI Open Innovation Fund. Mytaxi has completed 2 acquisitions, including Clever Taxi and Taxibeat. Mytaxi offers products and services including FREENOW App, eScooters Service, and eBikes Service. Mytaxi operates in a competitive market with competitors including Talixo, Taxi Deutschland, Cab4me, Cabdo and myDriver, among others.
- Headquarter Hamburg, Germany
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$47.29 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
KfW
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
Clever Taxi
& 1 more
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Acquired by
Moovel
(Sep 04, 2014)
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Products & Services of Mytaxi
Mytaxi offers a comprehensive portfolio of products and services, including FREENOW App, eScooters Service, and eBikes Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for booking taxis and rides quickly
App-based rental of electric scooters for urban travel
App-based rental of electric bikes for city commuting
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Software Development Team
50 people
Product Management Team
24 people
Operations Team
15 people
Finance and Accounting
13 people
Senior Team
12 people
Data Analysis and Operations Team
12 people
Sales and Marketing
10 people
Leadership Team
7 people
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Funding Insights of Mytaxi
Mytaxi has successfully raised a total of $47.29M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Series C - Mytaxi | Valuation |
investors |
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| Feb, 2013 | Amount | Series B - Mytaxi | Valuation | Union Square Ventures | |
| Jan, 2012 | Amount | Series B - Mytaxi | Valuation | Car2go |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mytaxi
Mytaxi has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include KfW, Union Square Ventures and KDDI Open Innovation Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Investments in tech seed and mid-stage ventures are targeted.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mytaxi
Mytaxi has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Clever Taxi and Taxibeat. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Taxis are booked on-demand via a mobile app platform.
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2012 | ||||
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Taxi booking app
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mytaxi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mytaxi Comparisons
Competitors of Mytaxi
Mytaxi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Talixo, Taxi Deutschland, Cab4me, Cabdo and myDriver, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Taxi services are searched and booked via a meta platform.
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| domain | founded_year | HQ Location |
Offers mobile app for booking taxis in Germany and related mobility services.
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| domain | founded_year | HQ Location |
Mobile app for direct taxi ordering and cashless payments in cities.
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| domain | founded_year | HQ Location |
App-based platform for ride-hailing and on-demand delivery services.
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| domain | founded_year | HQ Location |
Offers taxi, chauffeur, and airport transfer services globally.
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| domain | founded_year | HQ Location |
Offers an app for sharing taxi rides to enhance efficient and affordable transportation.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mytaxi
Frequently Asked Questions about Mytaxi
When was Mytaxi founded?
Mytaxi was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Mytaxi located?
Mytaxi is headquartered in Hamburg, Germany. It is registered at Hamburg, Hamburg, Germany.
Is Mytaxi a funded company?
Mytaxi is a funded company, having raised a total of $47.29M across 4 funding rounds to date. The company's 1st funding round was a Series B of $16.69M, raised on Jun 01, 2010.
What does Mytaxi do?
Mytaxi is a smartphone application developed by Intelligent Apps to enable a direct connection between passenger and taxi driver. The company switched from fixed fee to marketplace model in Jan 2014, where drivers choose the percentage revenue per journey to give over. Every driver using Mytaxi has the ability to become a contractor and earns customer ratings based on service. Passenger can track the taxis arrival and see the driver details in the app.The given peer-to-peer connection between passenger and driver enables for a transparent taxi ordering process. Connects 35.000 taxis with 7 million users in more than 40 German cities. Daimler acquired 15 stake in 2012. In September 2014, Mytaxis 100 percent share was acquired by the sub company of moovel GmbH (Daimler AG). In July 2016, Hailo announced that it has sold 60 of its company to Mercedes-Benz owner Daimler, and Hailo will merge its and rebrand its operations under MyTaxi. MyTaxi acquired the 100 of Greek taxi-hailing app Taxibeat for 40M Euro.
Who are the top competitors of Mytaxi ?
Mytaxi 's top competitors include Talixo, Taxi Deutschland and Cab4me.
What products or services does Mytaxi offer?
Mytaxi offers FREENOW App, eScooters Service, and eBikes Service.
How many acquisitions has Mytaxi made?
Mytaxi has made 2 acquisitions, including Clever Taxi, and Taxibeat.
Who are Mytaxi 's investors?
Mytaxi has 7 investors. Key investors include KfW, Union Square Ventures, KDDI Open Innovation Fund, Richard Branson, and Car2go.