Daimler $175 million investment in Taxify

4/6/2018
Financing, Financial investment

$ 175 million

Announced

4/6/2018


Overview:

  • Daimler has made a $175 million investment in Taxify.
  • The deal is part of Taxify's funding, which aggregates to $1 billion.
  • Daimler has expanded its ride-hailing portfolio with this investment.
  • The borrower company is operating mainly in Africa and Eastern Europe.

Katrin Kostadinova - Data analyst

Jurisdictions:

Estonia
Latvia
Lithuania

Deal types:

Financing
Financial investment

Practice areas:

Banking
M&A

Governing law:

Estonia

Industry sector:

Transport


Firms:

Party: Daimler (Investor)

Lawyer: James Westgate


Party: Daimler (Investor)

Lawyer: Risto Vahimets


Party: Daimler (Investor)



Party: Taxify (Borrower)

Lawyer: Toomas Prangli