The exit is likely to have made a strong return for T-Venture, Deutsche Telekom's corporate venturing unit, which dubbed the company "a star performer" and the deal a "successful exit".
Germany-based taxi app MyTaxi has been acquired by automotive company Daimler’s Moovel unit for an undisclosed amount, providing an exit to Deutsche Telekom’s corporate venturing unit, T-Venture.
The deal is likely to have made a strong return for T-Venture, which dubbed the company “a star performer”. Thomas Grota, investment director at T-Venture, said: “mytaxi has always been a star performer in our portfolio. Our engagement in the company has been highly positive on several levels: from the professional collaboration with…
