KDDI Open Innovation Fund has invested in a London based taxi app venture, Hailo Network Holdings Limited, which enables users to “hail” taxies by their smart phones.

Hailo was established in London in 2010 by 3 entrepreneurs and 3 taxi drivers. Hailo is a network that matches passengers and licensed taxi drivers, using a tool which helps to make taxis more sociable and profitable. Hailo makes sure people are never more than two taps away from a licensed taxi, and that drivers get more passengers when they want them.

Initial targets of Hailo are taxi markets in major global cities, and Hailo has already rolled out its service in London, Dublin, Toronto, Chicago, Boston, and plans to begin offering its service in Tokyo from this year.

Hailo, together with KDDI, will expand its service to passengers and drivers in Japan through its wholly owned subsidiary, Hailo Network Japan Co., Ltd.

KDDI Open Innovation Fund is KDDI’s first corporate venture fund and Global Brain has been assigned as a general partner of the fund.

Following investment, both KDDI and Global Brain will provide the necessary support to further strengthen Hailo’s corporate value.

Overview of the KDDI Open Innovation Fund

Name
KDDI Open Innovation Fund
Investment target
IT startup companies in Japan and overseas that collaborate with KDDI
Total investment
5 billion yen
Managed by
Global Brain Corporation

Overview of Hailo

Company name
Hailo Network Holdings Limited
Head Quarter
London, UK
Chairman
Ron Zeghibe, CEO:Jay Bregman, COO: Caspar Woolley
Founded
December 23rd, 2010
Operations
Taxi app development
URL
https://www.hailocab.com/

Overview of Hailo Network Japan

Company name
Hailo Network Japan Co., Ltd
Head Quarter
Tokyo, Japan
CEO
Kiyotaka Fujii
Founded
August 8th, 2012

Overview of Global Brain

Company name
Global Brain Corporation
Head Quarter
Nisshin Aoyama Bld. 9th Floor, 3-2-4 Kita-Aoyama, Minato-ku, Tokyo, Japan
CEO
Yasuhiko Yurimoto
Founded
January 14, 1998
Operations
Venture capital
URL
http://globalbrains.co.jp/