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Aussie E-Bike Player Zoomo Nabs $60 Million As It Eyes Up Europe [Forbes]

Atlassian Corporation - Class A (TEAM) 
Last atlassian corporation - class a earnings: 4/30 04:03 pm Check Earnings Report
Company Research Source: Forbes
Mina Nada and Michael JohnsonZoomoZoomo, the Australian e-bike subscription start-up, has raised $60 million in funding as it prepares to take on the European market.The start-up provides electric bikes and mopeds through a monthly subscription to food, grocery and retail delivery riders and companies, which includes maintenance services and accompanying software. It differs from other e-bike subscriptionplayers like DanceThe Series B round is a mix of debt and equity with the equity half of the raise led by Grok Ventures, the investment firm of Atlassian co-founder Mike Cannon-Brookes, with Skip Capital, the firm of Atlassian’s other co-founder Scott Farquhar taking part among others.The other half of the round comes in the form of a debt facility from Israel’s Viola Group.Zoomo is eyeing up a place in the European market with a particular focus on the UK. It has inked a partnership with rapid grocery delivery company Gopuff, which recently entered the UKthrough its Dija acquisitionI Show less Read more
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