Total amount raised
$189.1 Millions
Latest funding date
09/01/2021
Location
VanMoof has successfully raised funds through multiple rounds, with the last funding round being a Series C that closed on September 1, 2021. The company has a total of 8 investors backing it, including Balderton Capital and Felix Capital.
Keep reading to explore the intricacies of VanMoof's fundraising journey and the investors backing this innovative platform.
What Is VanMoof?
VanMoof, founded in 2008 by Taco Carlier, is a prominent player in the electric vehicle industry, specifically focusing on urban e-bikes. Headquartered in Amsterdam, The Netherlands, the company employs between 101 and 250 people.
Specializing in high-tech e-bikes, VanMoof aims to revolutionize urban mobility with stylish and smart transportation options. Their e-bikes feature advanced technology, including antitheft systems, intelligent motors, and automatic electronic gear shifting, catering to modern city-dwellers.
How Much Funding Has VanMoof Raised?
- Series A
- Amount Raised: €4M
- Date: July 2017
- Lead Investors: Slingshot Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and expand market reach.
- Equity Crowdfunding
- Amount Raised: €2.5M
- Date: June 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To engage the community and raise funds for new product development.
- Venture Round
- Amount Raised: €12.5M
- Date: May 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance R&D and improve product features.
- Series B
- Amount Raised: $40M
- Date: September 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and increase production capacity.
- Series C
- Amount Raised: $128M
- Date: September 2021
- Lead Investors: Hillhouse Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and invest in R&D.
Total Amount Raised: $170.5M
Current Valuation: Not publicly disclosed
Key Investors
- Hillhouse Investment
- Details: Hillhouse Investment is a private equity firm that led the Series C funding round for VanMoof. They are known for their long-term investment strategy and significant influence in the Asian market.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Not publicly disclosed
- Slingshot Ventures
- Details: Slingshot Ventures is a venture capital firm that led the Series A funding round for VanMoof. They focus on supporting high-growth companies in their early stages.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Balderton Capital
- Details: Balderton Capital is a London-based venture capital firm that invests in early-stage technology companies. They have a strong presence in the European market.
- Investment Focus Areas: Technology, consumer, fintech
- Notable Investments: Revolut, Citymapper, The Hut Group
- Felix Capital
- Details: Felix Capital is a venture capital firm that focuses on digital lifestyle investments. They aim to support entrepreneurs with a creative vision.
- Investment Focus Areas: Digital lifestyle, consumer, technology
- Notable Investments: Deliveroo, Farfetch, Peloton
What's Next for VanMoof?
VanMoof is poised to capitalize on the burgeoning global e-bike market, projected to reach $48 billion by 2028. With a surge in demand, particularly in the U.S., the company plans to expand its product offerings and invest heavily in research and development. This growth trajectory opens up significant future fundraising opportunities, enabling VanMoof to further solidify its market presence.
However, the path forward is not without challenges. VanMoof will need to navigate intense competition from other e-bike manufacturers and traditional bike companies entering the market. Additionally, supply chain disruptions and regulatory hurdles in different markets could pose significant obstacles. Despite these challenges, VanMoof's strategic focus on innovation and market expansion positions it well for continued success.
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