HAILO raises $30 million, adds to world-class leadership team
Today, Hailo laid out its plans to expand its market-leading taxi app network across the globe. With the addition of Tom Barr, former Starbucks Head of Coffee Business as its new President and COO USA and a $30.6 million investment led by mobile and network gurus Union Square Ventures, Hailo’s vision to be on home screens everywhere is now closer than ever.
“Hailo is mobilizing a massive, global shift in consumer behavior from hail to e-hail which will substantially improve the control passengers and taxi drivers have in their lives,” says Jay Bregman, Hailo CEO and Co-Founder and native New Yorker. “In just over a year, we have operations in ten cities across six countries and sales in excess of $100M. We now have the senior team, resources, and the investment and corporate partners to deliver our vision of bringing Hailo to NYC, Tokyo, and every street corner in every major city in the world. We have shifted into overdrive.”
Union Square Ventures has a reputation and track record of spotting networks with global potential, as the first institutional investors in Twitter, Foursquare and Tumblr. Superstar entrepreneur and Virgin Boss Richard Branson and top Japanese telecom KDDI also invested in the latest financing. Tokyo has 40,000 taxis and the Japanese taxi market is estimated at $25B, making this an extremely important growth area for Hailo.
Hailo is coming to NYC soon, with Tokyo, Madrid and Barcelona (among other cities) following soon after. Read more in our full press release.