About Taxibeat
Taxibeat is a company based in Athens (Greece) founded in 2011 was acquired by Mytaxi in February 2017.. Taxibeat has raised $7.95 million across 3 funding rounds from investors including Mytaxi , Hummingbird Ventures and Openfund. Taxibeat operates in a competitive market with competitors including Taxiaway, Taxiplon, Mytilene Radio Taxi, Taxaki and taxi, among others.
- Headquarter Athens, Greece
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Funding Insights of Taxibeat
Taxibeat has successfully raised a total of $7.95M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in December 2013. 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 3
- Last Round Series A — $4.0M
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First Round
First Round
(25 Apr 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series A - Taxibeat | Valuation |
investors |
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| Jul, 2013 | Amount | Seed - Taxibeat | Valuation |
investors |
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| Apr, 2013 | Amount | Seed - Taxibeat | Valuation |
investors |
| 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 Taxibeat
Taxibeat has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Mytaxi , Hummingbird Ventures and Openfund. 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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Investments in early-stage startups are focused on by Hummingbird Ventures.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Taxi hailing app
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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 Taxibeat
| 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 |
Financial Statements - Taxibeat
| 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 |
Taxibeat Comparisons
Competitors of Taxibeat
Taxibeat 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 Taxiaway, Taxiplon, Mytilene Radio Taxi, Taxaki and taxi, 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 booking services are offered across Greece.
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| domain | founded_year | HQ Location |
Platform for on-demand taxi rides, business transport, and safety features.
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| domain | founded_year | HQ Location |
Operates an online platform for efficient taxi-hailing services.
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| domain | founded_year | HQ Location |
An app-based platform providing taxi-hailing services for users.
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| domain | founded_year | HQ Location |
Operates an app-based platform for ride-hailing aggregation.
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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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Frequently Asked Questions about Taxibeat
When was Taxibeat founded?
Taxibeat was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Taxibeat located?
Taxibeat is headquartered in Athens, Greece.
Is Taxibeat a funded company?
Taxibeat is a funded company, having raised a total of $7.95M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.95M, raised on Apr 25, 2013.
What does Taxibeat do?
Taxibeat was founded in 2011 as a taxi-hailing platform in the mobility sector. Operations were launched in Athens, Greece, with seed funding secured that year. Passengers are connected to nearby drivers through the app, allowing selections based on distance, ratings, vehicle types, and amenities. In 2017, full acquisition by MyTaxi occurred for 40 million euros, while Latin American activities, including in Lima, continue independently under the original Athens-based team.
Who are the top competitors of Taxibeat?
Taxibeat's top competitors include Taxiaway, Taxiplon and Mytilene Radio Taxi.
Who are Taxibeat's investors?
Taxibeat has 3 investors. Key investors include Mytaxi , Hummingbird Ventures, and Openfund.