Series G round secures 65 million USD in funding from new key investor TASARU, along with its set of current investors The investment is set to accelerate the next phase of Blacklane's growth with a focus on the U.S., Europe and the Middle East BERLIN and RIYADH, Saudi Arabia , Oct.
29, 2024 /PRNewswire/ -- Blacklane, the premium global chauffeur services provider, announces today the successful closure of its largest financing round to date. The Series G round secures an investment of 60 million Euro ( 51 million GBP / 65 million USD ) and marks a valuation increase of approximately 25% compared to the previous round in September 2023 . The majority of existing investors supported this capital increase which will further strengthen Blacklane's investment strategy and support the company's healthy global growth strategy.
"We are delighted to have TASARU as a long-term strategic investor as its mobility know-how will be a big asset to Blacklane. We could not wish for a better partner to achieve our goals. Moreover, we are delighted to have a strong set of existing investors, such as Mercedes-Benz Mobility, Gargash Enterprises, Al Fahim Group, Alstin Family and RI Digital Ventures, supporting our sustainable and long-term investment strategies.
This financing round is a strong signal and acknowledgement of what the Blacklane team has accomplished over the last years," said Dr. Jens Wohltorf, CEO and co-founder of Blacklane. Under the investment, Blacklane plans to expand its ope.