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Octopus leads £3.8m funding for minicab service Kabbee

Taxi comparison service Kabbee has completed a £3.8m Series A funding round.

Octopus Investments, whose past investments include Zoopla.com,Graze.com, SwiftKey and Secret Escapes, led the round, with MoneySupermarket.com founder Simon Nixon making a “significant contribution”.

kabbee

Tentacles in many pies

The move may mark the development of a spending spree for Octopus, who led a £700k seed round for student accommodation booking site Uniplaces last week.

Justin Peters, Founder and CEO of Kabbee, commented:

This investment is a big thumbs up for the London minicab sector and will provide specific support for the 60 fantastic fleets and their drivers working with Kabbee.