F
Free Now
Multi-mobility super app for consumers across Europe
About Free Now
Free Now, operating as a mobility-as-a-service provider, offers a comprehensive platform for booking a wide array of transportation options across Europe. The company's origins trace back to the founding of mytaxi in 2009 by German entrepreneurs Niclaus Mewes and Sven Külper. mytaxi was the first taxi-hailing app to establish a direct connection between passengers and drivers.
The company has undergone significant evolution through a series of strategic acquisitions and mergers. In September 2014, Daimler AG (now Mercedes-Benz Group) fully acquired mytaxi's parent company, Intelligent Apps GmbH, marking its entry into the ride-hailing market. A pivotal moment came in July 2016 when mytaxi merged with its UK-based rival Hailo, creating Europe's largest taxi e-hailing company at the time. Daimler held a 60% stake in the newly formed entity, which continued to operate under the mytaxi brand. The expansion continued with the acquisition of the Greek taxi-hailing app Taxibeat in February 2017 and Romania's Clever Taxi in June 2017.
In February 2019, a major joint venture between the BMW Group and Daimler AG was announced, consolidating their mobility services. This €1 billion partnership resulted in the creation of five ventures, including Free Now for ride-hailing, and led to the rebranding of mytaxi to Free Now in July 2019. The platform continued to integrate other services, such as France's Kapten, under the new brand. As of July 2025, Free Now is a division of Lyft. The current CEO, Thomas Zimmermann, was appointed in April 2022, having previously served as the company's Chief Marketing Officer since 2018. His background is in marketing and data, with previous leadership roles at IONIQ Group and Goodgame Studios.
Free Now operates a mobile app that allows its more than 54 million users to book taxis, private hire vehicles, and a variety of micro-mobility options, including e-scooters, e-bikes, e-mopeds, and carsharing services. The platform aggregates numerous mobility brands, such as Dott, Tier, Voi, and Share Now, without adding new vehicles to the streets. The business model serves both individual consumers and corporate clients through 'Free Now for Business', which offers a centralized platform for companies to manage employee travel. In some markets, the company's business model involves purchasing transportation services directly from drivers and selling them to passengers, rather than charging a commission.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2009
- Headquarters
- Hamburg, Germany
- Employees
- 1,867
- Open positions
- 115
- Dealroom signal
- 65.0/100
- Industry
- Transportation, Enterprise Software
- Sub-industry
- Mobility, Navigation & Mapping
- Sector
- Transportation, App, On-Demand, On-Demand Services, Micromobility, Ride-Hailing, Taxi App, Travel
- Business model
- Marketplace & ecommerce, SaaS
- Client focus
- b2b
- Investment activity
- 2 companies, latest Jun 2017
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Apr 2025 | $197M | $197M | Lyft | ↗ |
| MERGEROther financing | Jul 2016 | — | — | Hailo | — |
Growth signals
Latest recorded traffic for Free Now is 1M monthly website visits, up 12.4% over the last three months. Free Now's team grew 0% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
LyftDesigns, markets, and operates a mobile application that matches drivers with passengers who request rides |
San Francisco, United States | Operational | 28,498 | $4.9B | $6B |
MigoMigo is a mobile search app for personal transportation, designed to help users find and select the best options for getting from Point A to Point B |
Seattle, United States | Operational | |||
TalixoCar, mini-cab and limousine booking service |
Berlin, Germany | Operational | |||
Curb (RideCharge)Curb brings technology to the taxi experience to connect you to safe, reliable rides from professional drivers in cities nationwide |
Alexandria, United States | Acquired | |||
AbelThe Uber for sharing a ride |
Netherlands | Low Activity | |||
CitymobilTaxi booking mobile app |
Moscow, Russia | Acquired | |||
DashrideMobile dispatching software for taxi and limo companies. |
New York City, United States | Operational | |||
DjumpConnects users to drivers |
Chaumont-Gistoux, Belgium | Closed |
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
LynkIrelandHome | Lynk - Dublin's Own Taxi App
→
CleverTaxiBucharest, RomaniaFind taxi cabs and limousines worldwide directly on your mobile phone
→
TaxibeatAthens, GreeceAn iOS and Android taxi app with an innovative approach to hailing a cab
$16Mvaluation
HailoLondon, United KingdomApp that helps users find taxis
$200Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
- EVe42 Ventures
Series A10 investors entered at this stage
ERP Startfonds
Accel
Forward Partners
Wellington Partners
Atomico
Mosaic Ventures
Union Square Ventures
KfW
SHARENOW
Lars Hinrichs
Series B and later2 investors entered at this stage
Deutsche Telekom
Mercedes-Benz Group
Other known investors3 additional known investors
Hailo
Lyft
Moovel
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Free Now on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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