Cycle.land raises £200k to continue their bike sharing journey
by Startacus Admin
Cycle.land, the bike sharing marketplace unlocking the assets of unused bikes, has raised over £200k thanks to its highly successful 2nd equity crowdfunding campaign on Seedrs and now prepares to bring 1000's of bikes, e-bikes and e-scooters to Europe.
Cycle.land is on a mission to disrupt urban transport.
Founded in 2016 by Agne Milukaite and Peter Ebsen in Oxford, Cycle.land operates thousands of bikes across Oxford, Cambridge, and London. The company has expanded from peer-to-peer bike sharing into launching and managing operations for bike sharing unicorns like ofo and Mobike. Most recently, the company announced a Joint Venture with Alibaba backed Youon.
Now, Cycle.land, the bike sharing marketplace unlocking the assets of unused bikes, have announced that they have raised over £200,000, thanks to its highly successful second equity crowdfunding campaign on Seedrs. Cycle.land had originally set their funding target on Seedrs at £100,000, however due to high demand, the campaign has raised £203,579, from 349 investors across 28 countries.
The funds raised will be used to diversify the company’s revenue streams beyond peer-to-peer bike sharing, community bike sharing schemes and services to other bike sharing companies. Specifically, Cycle.land will use the funds to set up and operate an urban mobility platform across Europe with joint venture partner Youon.
Born out of the Oxford University Innovation incubator, Cycle.land is on a mission to help move towards globally sustainable urban transport, by making bikes easily available and affordable. As cities rapidly grow and develop, the strain on transportation also escalates, which has in turn led to congestion, pollution and physical inactivity. The Company believes that the bicycle will be a great disruptor in urban mobility, and has so far successfully completed the European launch and operation of billion-dollar mobility start-ups in bike sharing.
CEO and Founder of Cycle.land, Agne Milukatie said: “We are delighted to return to Seedrs, and the valued crowd of investors who have supported us, for the second time. We look forward to welcoming them back, as well 
as attracting new investors as we move into this very exciting phase of development.”
Interested in raising investment for your tech startup?
Startacus are currently partnering with Seedrs - the equity crowdfunding platform with the industry's best funding success rate (74%) and who supported 186 businesses raise £195m in 2018. if you are currently at the stage of looking to raise investment, email alastair@startacus.net and we can assess if you are a potential good match for an intro call with Seedrs.
Investing carries risks, including loss of capital and illiquidity.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Black Young Professional Network, aka BYP Network will hit and surpass their Seedrs £500k funding round target.
.jpeg)
Planning to hire an accountant for your startup? Here are a few of the things you should consider before you do just that...
Sustainable reward scheme Bagboard, a first-of-its-kind advertising platform for planet-friendly brands launches £600k funding round
The London-based startup that's disrupting the insurance industry by its collective-based model for cycling insurance
More than half of employees concerned about returning to work and majority of employees NOT comfortable using public transport
The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
Eppik is a smart family photo sharing platform that helps families reconnect through their shared photo heritage
New targets set by 30% Club aimed at achieving both gender diversity and fully inclusive cultures on FTSE Boards, Executive Committees and Chair Appointments
Xero’s Roadmap to Recovery manifesto launched as new data confirms impact of COVID-19 on UK small business revenue and employment
In this article, we’ll be exploring how new users can build their first Magento store and drive it towards online dominance.
Published on: 16th January 2019
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- More than half of employees concerned about returning to work 2nd Jul 2020 More than half of employees concerned about returning to work and majority of employees NOT comfortable using public transport
- GCHQ Innovation Co-Lab seeks startups harnessing data science, machine learning and AI 2nd Jul 2020 The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
- Ten Years On: 30% Club Sets New Targets 1st Jul 2020 New targets set by 30% Club aimed at achieving both gender diversity and fully inclusive cultures on FTSE Boards, Executive Committees and Chair Appointments
- Xero’s Roadmap to Recovery manifesto launched 1st Jul 2020 Xero’s Roadmap to Recovery manifesto launched as new data confirms impact of COVID-19 on UK small business revenue and employment
