Taxi comparison service Kabbee has completed a £3.8m Series A funding round.
Octopus Investments, whose past investments include Zoopla.com,Graze.com, SwiftKey and Secret Escapes, led the round, with MoneySupermarket.com founder Simon Nixon making a “significant contribution”.
Tentacles in many pies
The move may mark the development of a spending spree for Octopus, who led a £700k seed round for student accommodation booking site Uniplaces last week.
Justin Peters, Founder and CEO of Kabbee, commented:
This investment is a big thumbs up for the London minicab sector and will provide specific support for the 60 fantastic fleets and their drivers working with Kabbee.