Flywheel Raises $14.8M in Series B Funding

Funding Rounds

▤ Summary

Flywheel (formerly called Cabulous), a San Francisco and Redwood City, CA-based provider of an app that allows users hail a cab, watch as it approaches, and pay using their smartphone, raised $14.8m in Series B funding.The round was led by new investor Craton Equity Partners with participation from Series A investors RockPort Capital and Shasta Ventures.The company intends to use the funds to expand across the U.S., increase its users and partners.Led by Steve Humphreys, CEO, Flywheel offers a service that allows passengers to request a ride in real-time, track its arrival via GPS, and pay automatically the driver through Android and iPhone apps.It also provides an enterprise-grade cloud based dispatching system that is in use by fleets nationwide.

$ Funding

$
Amount $14.8M Total raised
□
Date August 4, 2013 Announcement date
◎
Investors - Lead investors
▥
Company getflywheel.com Funded company

▥ Classifications

industries
Automotive
applications
Web and Content Management

◇ AskAI Classifications

Labels
Managed Hosting WordPress Hosting SaaS

▦ Linked Companies

Flywheel
$10M to $25M