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Taxi-Hailing App Flywheel Adds A Group Of New Investors

Date: 05/26/2015

Company: Flywheel Software

Source: TechCrunch

Cab-hailing startup Flywheel has been gradually expanding its availability in new markets, and also offering new ways for customers to pay. To do so, the company has extended its Series C financing to make room for a group of investors with experience building huge businesses and ties to its new CEO.

The Flywheel app enables users to hail — and now pay for — cabs from their mobile phones in various cities across the country. It partners with local taxi fleets in six markets along the West Coast, including San Francisco, Los Angeles, Seattle, Portland, Sacramento and San Diego.

Last fall, Flywheel announced a $14 million Series C financing round and a new CEO, former Stratify, Snapstick, and Droptalk founder Rakesh Mathur. That brought the total amount Flywheel had raised since being founded to $35 million.

Read full story at TechCrunch

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