E-bike subscription service Dance reaches 10,000 active subscribers


Here are two interesting tidbits of news about Dance, the German startup that offers electric bikes and mopeds via subscription packages. First, the company just added a handful of investors to top up its recent €12 million funding round. Second, Dance now has 10,000 active and paying members.

For the funding part, Dance isn’t saying much. The company isn’t disclosing the sum of this second tranche — it usually means that this isn’t a significant amount. But the startup managed to onboard some high-profile investors, such as 4P Capital, GDTRE, Carl Pei (Nothing), Alex Asseily (Jawbone, Lilium), Mads Fosselius (Dixa) and Andhim.

As a reminder, Dance raised $17.7 million (€15 million) in 2020, $19.4 million (€16.5 million) in 2021 and $13 million (€12 million) earlier this year. In other words, Dance has been raising money at a rapid pace.

This shouldn’t come as a surprise as many electric bike companies have…

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