Kabbee, a UK-based price comparison service for London’s minicabs, completed a £3.8m Series A funding round.
The round was led by Octopus Investments with participation from Simon Nixon, founder of MoneySupermarket.com.
The company intends to use the funds to accelerate growth in London and beyond, developing its technology and building the brand.
Led by Justin Peters, Founder and CEO, Kabbee provides a minicab price comparison, booking and payment service available as an iPhone, Android and Blackberry 10 app and at www.kabbee.com.
In London, Kabbee allows users to compare quotes from 60 leading London fleets and then book and pay by cash, card or pre-paid account.
Launched in June 2011, it has had over 250,000 app downloads to date.