Uber Rival Hailo Sets Its Sights On NYC

What's Next In Payments®
3:34 PM EST December 25th, 2012

London-based taxi app Hailo is set to close $30 million in funding, The Series B funding round is likely being led by Fred Wilson of Union Square Ventures, according to TechCrunch, as Hailo plans its U.S. expansion.

VentureBeat reported that this new round values the London-based company at $140 million, multiple sources tell All Things D. Hailo raised $17 million in a first round from Accel Partners, Wellington Partners, and Atomico in March.

Read the full story here.

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