Key Capital invests in Cabeo, a mobile application revolutionizing the taxi industry in Italy, aiming to leverage digital solutions for growth and enhanced service delivery.
Target Information
Key Capital is pleased to announce its second investment in Cabeo, a cutting-edge application designed for the taxi industry (www.cabeo.it). Cabeo is a mobile application available on both iOS and Android platforms. Utilizing an advanced geolocation system, the app allows users to pinpoint their real-time location to request a taxi, thereby establishing a direct virtual communication channel between the service provider and the customer. Initially launched on the Apple Store on July 12, 2013, Cabeo expanded its reach with the Android version available since September 6, specifically catering to users and taxi drivers.
Key Capital intends to support Cabeo through initial developmental efforts, offering managerial assistance and tax advisory services. Additionally, the company provides a board of consultants with diverse expertise spanning business strategy and web marketing, ensuring a well-rounded approach to Cabeo’s growth.
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Industry Overview
The taxi industry in Italy is undergoing a significant transformation as technology continues to integrate deeper into everyday transportation solutions. With mobile applications like Cabeo paving the way, traditional taxi services are
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Key Capital
invested in
Cabeo
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $1M
Enterprise Value: $1M
Equity Value: $1M