VOI | Pixr8 News

4Mar By AdityaNo Comments

FUNDING

E-scooter startup VOI raises another €26 million Funding

The Stockholm-based e-scooter startup VOI raises another €26 million to accelerate its expansion in Europe. The e-scooter startup has already expanded into 14 cities, including Paris, Madrid, and Lisbon. Founded in August 2018, VOI raises €44 million Series A round in last November. The funding came from existing investors Vostok New Ventures, Balderton Capital, LocalGlobe and Raine Ventures, alongside new investors Project A and Creandum, and a host of business angels. Riders can use Voi scooters by downloading the app to locate a nearby scooter on the street or by using a map, pressing the ‘ride’ button, and scanning the VOI QR code. There’s a €1 unlocking fee and a ride costs €0.15 per minute. The startup’s approach to growth is “distinctively Scandinavian – based on dialogue...

Top Five Funding of the Week (19th Nov – 24th Nov)

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Funding is a major part of a business and here we have come up with the top five funding activities of the last week that started from 19th November and lasted till 24th November. 1) Geek+ Beijing-based robotics startup Geek Plus (Geek+) has reportedly secured funds amounting to $150 million in Series B funding round. The particular round was led by Warburg Pincus, with participation from other shareholders including Volcanics Venture and Vertex Ventures. With these funds, the company is planning to seize that growing opportunity by investing in product devel...

Sweden-based E-scooter Startup VOI Raises $50 million

Sweden-based e-scooter startup VOI Technology has reportedly raised funds amounting to $50 million in Series A funding round. This round was led by London-based venture capital firm Balderton Capital. Along with this, backers like LocalGlobe, Raine Ventures, and previous VOI backer Vostok New Ventures also participated in the funding. A number of angel investors also participated that include Cristina Stenbeck, Jeff Wilkes (Amazon), Justin Mateen (co-founder of Tinder), Nicolas Brusson (CEO and co-founder of BlaBlaCar), Sebastian Knutsson (co-founder of King), Spencer Rascoff (CEO of Zillow), and Keith Richman. The company is planning to use the funds so raised for expanding into new European markets. Belgium, the Netherlands, Luxembourg, France, Germany, Italy, Norway, and Portugal ...