Saturday, June 23, 2012

Cabulous Raises $8 Million Series A To Expand Mobile Taxi Dispatch Network

Screen Shot 2012-06-21 at 10.07.33 AMCabulous, a San Francisco-based taxi dispatch technology startup, tells TechCrunch it has raised $8 million in new funding to scale out its service to fleets of cabs worldwide. The new funding, which serves as Cabulous' Series A, was co-led by RockPort and Shasta Ventures, with follow-on participation from angel investors including Sand Hill Angels and members of the Band of Angels. Previously the one-year-old Cabulous was backed by around $1 million in seed funding, so this brings its total investment to about $9 million.

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