Uber Rival Taps Investors With Proof Rides Can Rake in Profits

To convince investors to finance a pan-European war against Uber Technologies Inc., a French ride-hailing app 50 times smaller has a one-word pitch: profit. Chauffeur-Prive is near closing a 50-million-euro fundraising round to expand out of Paris into the rest of Europe, with the promise it can extend a five-year streak of growth while turning a profit, as bigger rivals lose money.