Juno Lab
Ride-sharing Platform
Company Overview
Snapshot
Founded in April 2015 by Ofer Samocha, Igor Magazinik, and Talmon Marco, Juno Lab operates with 11–50 employees. The company was acquired by Gett in April 2017.
Business overview
Juno Lab offers a ride-sharing platform specifically designed for New York City, aiming to provide a more driver-centric model by charging significantly lower commissions than competitors. The company's core belief is that prioritizing drivers leads to enhanced rider experiences. Operating within the Business Software sector, Juno Lab serves the urban mobility market, focusing on consumers and drivers within the transportation and mobility industry.
Strategic signal
In April 2017, Juno Lab was acquired by Gett for $200 million. This acquisition signaled a consolidation within the competitive ride-sharing market, with Gett expanding its footprint and integrating Juno Lab's driver-first approach into its operations. For investors, this demonstrated a strategic exit for Juno Lab and a move by Gett to strengthen its position against larger rivals.
Log in to access full profile ›Company Intelligence Q&A
- What is Juno Lab's primary business model?
- Juno Lab operates a B2C business model, providing a ride-sharing platform that connects drivers with riders in New York City.
- When was Juno Lab founded?
- Juno Lab was founded in April 2015.
- What was a significant operational challenge for Juno Lab in June 2016?
- In June 2016, news reports indicated that the ride-sharing platform Juno Lab was struggling to make a profit.
- What legal challenge did Juno Lab face in June 2017?
- In June 2017, ride-hail drivers in New York City initiated a lawsuit against Juno Lab, alleging securities fraud.