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Daimler hitches a ride on MyTaxi

Jan 25, 2012 • Robert Lavine

Germany-based online taxi ordering application MyTaxi secured €10m ($13m) in series B funding on Monday, with Car2Go, an urban mobility subsidiary of automotive corporation Daimler, and Deutsche Telekom’s corporate venturing unit, T-Venture, among the backers.

The size of the stake acquired by Car2Go is reportedly 15%, while KfW Bankengruppe, a development bank part-owned by the German government, and investment firm Cinco Capital also participated. Investment firm E42 is a prior investor.

Founded in 2009, MyTaxi runs a mobile…

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