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…