Source: Bloomberg
Summary
Blacklane, a ride-hailing startup, has been sold to Apollo Global Management after raising over $100 million from investors like Mercedes-Benz and Sixt. The acquisition marks a notable exit for the company. The deal’s financial terms were not disclosed. Blacklane had raised funds from prominent investors to fuel its growth. The startup’s sale comes as the ride-hailing market continues to evolve.
Our Reading
The launch follows a familiar script.
Blacklane raised over $100 million from investors like Mercedes-Benz and Sixt. The startup’s sale to Apollo Global Management marks a notable exit. The company had been backed by prominent investors to fuel its growth. The deal’s financial terms were not disclosed. Another startup sells out after a big raise – who didn’t see this coming?
Author: Evan Null
Investors and Funding
Blacklane had raised over $100 million from investors like Mercedes-Benz and Sixt. The company had been backed by prominent investors to fuel its growth.
The Acquisition
The startup’s sale to Apollo Global Management marks a notable exit. The deal’s financial terms were not disclosed.
The Ride-Hailing Market
The startup’s sale comes as the ride-hailing market continues to evolve.
Notable Exit
The acquisition marks a notable exit for Blacklane, a ride-hailing startup.
Financial Terms
The deal’s financial terms were not disclosed.
