Estonian Taxify announed today that they have raised a whooping € 1.4 million from Latvian Rubylight (Forticom Group architects, founders of One.lv sold to Odnoklassniki, investors in Ask.fm), Adcash (one of world’s foremost advertising networks in the industry) and London-based investment fund TMT Investments (have also invested in Pipedrive and Vital Fields). This is the largest investment in Baltic taxi app sector to date.
Taxify is a taxi ordering app for iOS, Android and web browser that connects users with licensed taxi companies. We have been watching Taxify quite closely from their launch last August as mTakso, followed by hockeystick growth stats in February all the way to their seed round in April, local taxi monopoly resistance in Finland and eventual launch during Slush outperforming Uber in Helsinki. According to Distimo, Taxify is among top3 Apple App Store apps in Estonia on weekends ever since February.