Hailo Raises $30 Million In Funding, Looks Towards Tokyo Launch

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3:49 PM EDT February 5th, 2013

On-demand taxi service Hailo has created a Japanese subsidiary and raised $30 million in funding as it looks to expand to Tokyo.

Japanese telco KDDI was heavily involved in the funding, and, with its subscriber base of 36 million, can help Hailo gain traction in the Japanese market, as TechCrunch notes.

Union Square Ventures, Richard Branson and others also contributed to the funding.

Read the full story here.

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