Accel Partners backs Hailo
Accel Partners has led a $17m series-A funding round for London-based mobile taxi app Hailo.
Previous investors Atomico Ventures and Wellington Partners provided co-investment.
Accel's investment reflects its interest in the mobile sector.
Previous funding
In April 2011, Wellington Partners and Atomico Ventures provided seed capital to Hailo in a deal valued at £2m.
Company
Founded in 2010 by entrepreneurs and taxi drivers, Hailo allows users to request a taxi, choose their method of payment and provides a countdown until its arrival. Users are subsequently requested to leave feedback on the service.
Hailo also provides a separate version of the app to taxi drivers, which puts them in direct communication with one another and provides a personal log book. The service was launched in London in November 2011 and has since been used by 3,200 cab drivers to transport over 10,000 customers.
People
Adam Valkin is a partner at Accel in London and will join the Hailo board alongside Silicon Valley-based partner Sameer Gandhi.
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