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Englishman in New York: Hailo raises $30m ahead of NYC expansion

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Hailo, the London-based mobile taxi booking app has announced $30m of Series B funding ahead of their launch in New York City next month.

The latest investment was lead by Union Square Ventures and included Sir Richard Branson, Phenomen Ventures, Felicis Ventures, Red Swan Ventures, as well as existing investors Accel Partners, Wellington Partners, and Skype Founder Niklas Zennström’s Atomico Ventures.

$50m raised to date

Following this latest round of funding, Hailo’s total capital raised to date is now $50.6M.

UK taxi booking firm Hailo to merge with mytaxi

Commenting on the investment, Union Square Venture’s Opportunity Fund Partner John Buttrick said:

“We believe the Hailo platform will develop into a global network and will significantly improve transportation experiences in cities around the world.

We are thrilled to lead this round of financing as Hailo expands into the United States – including our hometown of New York City – Asia and continental Europe.”

Hailo also announced their expansion plans to Tokyo including an exclusive partnership with the KDDI (au) mobile network, allowing access to their 35m strong subscriber base. KDDI also invested in Hailo in their latest round of funding.

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