LeCab is a French black-car service that directly operates a fleet of Peugeot 508 vehicles, hires and trains its drivers, and offers fixed-price premium rides. The company differentiates from marketplaces like Uber by owning and dispatching its cars in real time and equipping every vehicle with an iPad-based backseat infotainment system. LeCab reports thousands of daily users and 70,000 active users (customers who ordered in the past five months). The business is capital-intensive; the new capital will be used to expand services, grow the fleet, and hire senior executives. Product plans include an imminent update to the in-car iPad system that adds maps, movies, newspapers and other infotainment. Operational targets are to reach 350 cars by the end of the year and 1,000 cars the following year.

Total raised

$7M

Funding rounds

1

Latest round

Series B

Latest activity

Nov 2013