Cab hire firm Hailo raises $30m to fuel drive into new markets

Marion Dakers
TAXI app company Hailo has raised $30m to help fund launches in New York, Tokyo and other cities this year.

The firm, founded by three London cab drivers in 2011, has clinched fresh funds from existing and new backers. One of the new investors is Sir Richard Branson, while Union Square Ventures is among its existing supporters.

Hailo said it has carried 2.5m passengers using its app.