Russian Private Equity Firm Da Vinci Acquires 8% Stake in Ride-Hailing Company Gett
Da Vinci acquired shares from existing Gett shareholder Moscow-based venture capital firm InVenture Partners as well as new shares issued as part of Gett’s latest $80 million funding round
Hagar Ravet and Tofi Stoler17:1425.09.18
Moscow-based private equity firm Da Vinci Capital Management Ltd. has bought an 8% stake in Israel-based ride-hailing app developer Gett Inc. Da Vinci acquired shares from existing Gett shareholder Moscow-based venture capital firm InVenture Partners as well as new shares issued as part of Gett’s latest $80 million funding round announced in June.
The deal was first reported by Russian-language daily business newspaper Vedomosti on Sunday. A Gett spokesman confirmed the details in a message to Calcalist, Tuesday. The financial terms of the deal were not disclosed.
The deal was first reported by Russian-language daily business newspaper Vedomosti on Sunday. A Gett spokesman confirmed the details in a message to Calcalist, Tuesday. The financial terms of the deal were not disclosed.
Update, Wednesday, Sept. 26: Da Vinci Managing Partner Dennis Fulling also confirmed the details in a phone interview with Calcalist, Wednesday.
Founded in 2010, Gett develops a ride-hailing app, also offering delivery services, in Israel, Russia, the U.K., and New York. In New York, Gett operates as Juno, itself an Israeli taxi hailing company it acquired for $200 million in 2017.
Source: https://www.calcalistech.com/ctech/articles/0,7340,L-3746488,00.html