Blacklane Raises Mid-Seven-Digit Funding

Blacklane, a Berlin, Germany-based provider of a professional ground transportation platform, raised a mid-seven-digit round of funding at a valuation in the nine-figure Euro range.

Japan-based Recruit Holdings Co., through its investment subsidiary RSP Fund No.5, LLC, made the investment. In addition to the funding, travel industry veteran and PhoCusWright founder Philip C. Wolf joined as a new board director.

The company intends to use the funds to increase its business in Japan and beyond.

Led by Dr. Jens Wohltorf, co-founder and CEO, Blacklane provides customers with a platform to book professional ground transportation, via website or smartphone app, around the clock at transparent and competitive rates. Blacklane does not provide its own vehicles but rather aggregates the spare capacities of local partners, thus ensuring better utilization and higher revenues. A quality vehicle with a professional driver can be booked in any one of its 150 cities around the world in seconds. Founded two years ago, the company has over 120 employees.
Backers also include ALSTIN, b-to-v Partners, RI Digital Ventures, and car4you Holding, as well as the partner moovel (Daimler Mercedes-Benz).



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