LimeBike raises $12 million to roll out bike sharing without kiosks in the US

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Wednesday, 15 March 2017

LimeBike raises $12 million to roll out bike sharing without kiosks in the US

Wednesday, 15 March 2017 by Muhammad Ifzal

A startup called LimeBike has raised $12 million in venture funding to make Chinese-style bike sharing mainstream in the US. Andreessen Horowitz led the round joined by IDG Ventures, DCM Ventures and other investors who declined to be named. In China, companies like MoBike and Ofo have raised massive amounts of venture capital and distributed tens of thousands of their GPS-enabled bikes in… Read More