Mobile Taxi Network Hailo Raises $17M From Accel And Atomico To Take On Uber In The U.S.

Hailo, a European mobile taxi network, is announcing a $17 million round of Series A financing led by Accel Partners. The company previously raised $3 million in seed funding from Wellington Partners and Atomico, who both participated in this round as well. Hailo, which has been operating in London since last year, is a mobile network that matches passengers and licensed taxi drivers (a differentiation from Uber, which uses private black cars). Here's how it works (check out the video below as well). The Hailo Driver Network can be accessed via iPhone or Android apps is designed to be a taxi driver?s companion and offers social features, advanced, private stats, sharing of traffic and demand events relevant to drivers. These apps also allow drivers to accept credit cards as well, and includes a tipping functionality.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/GosrOjsCsEA/

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