99Taxis, a Brazilian taxi app, raised an undisclosed amount of Series A funding.
The round was led by Tiger Global with participation from previous investors Monashees Capital and Qualcomm Ventures.
The company intends to use the funds to strengthen the platform and brand and expand product teams to accelerate the launch of new features for corporate and individual customers.
Led by Paulo Veras, CEO, 99Taxis provides a iPhone, Android and Windows Phone taxi app that connects individuals and companies with 100,000 licensed taxi drivers. In São Paulo, four out of five taxis are connected to 99Taxis.