MyTaxi Raises €10M in Funding

Intelligent Apps GmbH, the Hamburg, Germany-based developer of the mobile taxi application myTaxi, has raised €10m in growth funding.

Backers include car2go GmbH, a subsidiary company of Daimler AG, T-Venture, KfW Bankengruppe and Lars Hinrichs founder of XING and Hackfwd. car2go has acquired a minority stake of the company and joins its the board.

Intelligent Apps intends to use the funds to further expand the app in Europe, mainly in England, Spain and the Netherlands. myTaxi is already market leader in over 30 cities in Germany, Austria and Switzerland with 800,000 app-downloads and 7,000 registered taxi drivers. It allows users to order a taxi via app, without a conventional taxi dispatching service and taxi drivers to work independently without rigid structures, liabilities and monthly fixed costs. The app displays the taxi driver’s name, picture, and phone number, and features a fare calculator that controls the transport costs. Drivers and passengers can track each other on the map.

Founded in June 2009 by Sven Külper and CEO Niclaus Mewes, the company currently has 55 employees in Germany, Austria, Switzerland and Spain.



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