Gett, a ride-hailing startup co-headquartered in London and Israel, has announced that it’s closed a $115 million funding round with a $15 million investment that tops up a $100 million round it announced in June 2020. The round was led by the investment firm Pelham Capital Investments, with participation from other unnamed investors.

With its just-closed $115 million round, Gett has now raised a total of nearly $1 billion in venture funding, precisely $965 million.

Gett primarily offers ride-hailing services and has styled itself as a platform for corporate travel. The company facilitates corporate on-demand transportation services with a platform that offers an optimized travel experience – from booking and riding to automatic invoicing and analytics.

Originally, Gett was a ride-hailing platform targeted at consumers but has turned its focus towards corporate customers. The company serves customers in more than 1,500 cities across 100 countries. Its main markets are the US, Israel, Russia, and the United Kingdom.

With its new funding, Gett will accelerate the development of its corporate travel platform and its global expansion. 

“We are on a journey to transform corporate ground travel and I’m delighted that investors find our model attractive. This investment will allow us to further develop our SaaS technology and deepen our proposition within the corporate ground travel market,”. Gett’s CEO, Dave Waiser, said in a press statement.

The valuation that came with Gett’s new round isn’t known. Before now, the company’s last confirmed valuation was $1.5 billion.

Photo: Gett CEO Dave Waiser, credit: TechCrunch, licensed under CC BY 2.0

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