Táximo, a Bogotá, Colombia-based offline taxi operator, raised $4.6m in funding.
The backers were not disclosed.
The company will use the funds to buy 80 taxis in Colombia as well as to continue expanding the operation regionally.
Led by CEO and co-founder Antoine Dumit, Táximo operates a fleet of 1,000 taxis operating throughout major Colombian cities. The company guarantees taxi owners a fixed monthly return while it manages to reach economies of scale and invests in maintaining the fleet of cars and drivers.
Táximo was created through Bogotá, Colombia-based Polymath Ventures, which builds companies to serve the emerging middle class to scale massively across Latin America.