All Gett’s existing investors, including Volkswagen and Access Industries, have participated in a $120m extension that brought its latest round to $200m.
US-based on-demand ride service Gett has increased its latest funding round to $200m, raising $120m from investors including carmaker Volkswagen and diversified conglomerate Access Industries, TechCrunch reported yesterday.
The round featured all the company’s other existing backers: Vostok Nafta Investments, Kreos Capital, MCI Capital, Capital Group Private Equity Managers and Gett co-founders Dave Waiser and Roi More. It consisted of an unspecified mix of equity and debt financing.
The round valued Gett at $1.5bn post-money and the second close was…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
