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Free Now

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Multi-mobility super app for consumers across Europe

Hamburg, GermanyFounded 2009Transportation
Valuation $100–250M Last recorded · 2025
Headcount 1–2k Current team size
Total funding $50–100M Disclosed equity funding
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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 data

At 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

Funding history

9 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Apr 2025 $197M $197M Lyft ↗
MERGEROther financing Jul 2016 — — Hailo —
Showing the latest 2 of 9 recorded eventsBook a demo for the full funding history →

Growth signals

Free Now website traffic

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.

Latest monthly visits1M 3-month web change+12.4% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

16 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • e42 Ventures

Series A10 investors entered at this stage

Series B and later2 investors entered at this stage

  • Deutsche Telekom
  • Mercedes-Benz Group

Other known investors3 additional known investors

  • Hailo
  • Lyft
  • Moovel
Team profiled 70 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 12 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇩🇪 Germany · Hamburg HQ
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Market sentiment

Posts on X, past 7 days

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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