Gett CEO Shahar Waiser. Photo credit: DLD Conference on Flickr, under Creative Commons license

Gett, an Israeli ride-hailing startup, has raised $100 million in new equity funding that it primarily plans to use to bolster its B2B business, notably in the midst of a global pandemic that has negatively affected ride-hailing companies in general. Gett didn’t disclose the investors who provided the new funding and neither the valuation that came with it. The company, however, hinted that it came from a mix of new and existing investors. With the new funding, Gett has now raised a total of $750 million in known funding since its inception.

Gett, which turned operationally profitable last year, had been eyeing a public listing by this year but with a global pandemic, that idea seems to have been shelved. Gett, however, noted that it met its “original financial targets that were set pre-COVID-19,” hinting that the company isn’t facing much financial struggles as a result of the pandemic. Gett is apparently doubling down on its corporate-facing ride-hailing business which it began years ago. Among the company’s business clients include the likes of Google, Volkswagen (an investor), and The Economist. In total, they number about 15,000.

Gett, an Israel-based company but with international operations, was valued at $1.5 billion as of its last fundraise. The company says that its new financing round is actually being expanded due to being oversubscribed.