Zoomo

FUNDED May 2023

Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.

Also Forbes Australia·Startup Daily·RenewEconomy

Subscription e-bike startup Zoomo cuts jobs again after raising $24 million

E-bike subscription startup Zoomo cut 27 roles in its second restructuring in six months, weeks after client Milkrun's collapse, and disclosed a previously unreported $24 million raise led by Grok Ventures and the CEFC.

Also Techboard

More micromobility layoffs, digging into the Mobileye S-1 and a Rivian recall

TechCrunch's transport newsletter rounds up micromobility job cuts at Tier, Spin and Zoomo, Mobileye's IPO filing years after Intel bought it, new backing for Canada Drives and Halo Car, plus Rivian's safety recall.

Three women appointed to VC OneVentures with women's health focus on the agenda

OneVentures adds three women to senior investment and marketing roles as the Australian venture firm pushes growth in healthcare, biotech and women's health, alongside a Victorian Government-backed venture credit fund.

OneVentures is growing its healthcare and biotech portfolio, with a focus on women-led startups

OneVentures has appointed three women to senior roles as it expands healthcare and biotech investing, with the Victorian Government backing a venture credit fund and the firm winning a diversity award.

Ignition Lane's Weekly Wrap: Tech's climate fight, another big raise week, valuations set to fall?

Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.

Also Startup Daily

E-bikes, SME lending and rethinking ‘tickets’: Seven $1 million-plus raises you might have missed

Weekly roundup of seven startup raises: OCR Labs' Series B, Zoomo's Series B extension, plus new funding for Lumi, Upflowy, Linkby, Fortiro and Licorice, alongside Scalapay's unicorn round and Arkon Energy's pre-seed.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily·Forbes Australia·Australian FinTech

Mike Cannon-Brookes tips $200 million into renewables finance company Infradebt

Atlassian's Cannon-Brookes, via his family firm Grok Ventures, has invested $200 million in renewables project financier Infradebt days after his AGL bid was rejected; the capital is already funding a Queensland battery project.

Also TechCrunch Venture·Crunchbase News·TechCrunch Venture·Startup Daily·Startup Daily·Startup Daily·TechCrunch Venture

e-bike startup Zoomo tops up Series B with another $28 million

Delivery e-bike firm Zoomo has added US$20 million to its Series B, led by Collaborative Fund, three months after an $80 million round backed by the Atlassian founders' vehicles, lifting total funding beyond $100 million.

Also Startup Daily·Startup Daily

Last-mile delivery e-bike supplier Zoomo tacks on $20M to Series B

E-bike supplier Zoomo added $20 million in equity to complete its Series B, led by Collaborative Fund with several strategic backers joining, lifting the delivery-vehicle startup's total funding to $101.5 million.

Also Tech Funding News - Australia·SmartCompany

Quiet achievers and COVID successes: SmartCompany's 10 startups to watch in 2022

SmartCompany's year-end list profiles ten Australian startups poised for a big 2022, recalling their 2021 raises, crowdfunding campaigns, government grants and accelerator origins, from mtime and Quantum Brilliance to Zoomo and Superhero.

Also SmartCompany

Technology lawyers explain what Australian startup founders need to do to prepare for tackling the American market

Two technology lawyers advise Australian founders entering the US market to prioritise intellectual property and privacy compliance, citing client examples Zip Co and Faethm and recent capital raises by Zoomo and Playside.

Ten Aussie startups that raised a total of $267 million this week

Weekly roundup of Australian startup raises, including Airwallex's Series E extension, Fleet Space's Series B and Montu's record crowdfunding, plus Giant Leap raising $19.5 million toward a $50 million second fund.

Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Business News Australia·startupscaleup.com.au·SmartCompany

CEFC congratulates Zoomo on $80m raise

Electric delivery vehicle maker Zoomo has closed an oversubscribed Series B of US$60 million (A$80 million), led by new investor Grok Ventures with Skip Capital and ArcTern, plus follow-on from existing backers and a new debt facility.

Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily

Daily Crunch: Australian micromobility startup Zoomo spins up $60M Series B

Roundup leads with Zoomo's electric-bike subscription raise and covers new funding for Imprint, SOS, Mixpanel, Virtuoso, Monograph, Aplazo and Podium, plus Twitter's purchase of Threader and other technology headlines.

E-bike subscription service Zoomo raises $60M Series B to disrupt last-mile delivery

Australian e-bike subscription startup Zoomo announced a Series B blending equity and debt funding to expand its micromobility offering for couriers into more cities and develop light vehicles for parcels.

Also Crunchbase News·TechCrunch Venture·Startup Daily·TechCrunch Venture

Pioneer Australian VC AirTree just promoted two women to partners

The Station: Einride preps for a US expansion, Argo AI reveals its lidar specs and a Tesla Autopilot reality check

Transport newsletter rounding up recent deals: raises at Zoomo, Einride, Firefly, Solid Power, Youibot and Kneron, Kneron's purchase of Vatics, a Firefly secondary sale, plus policy, launches and event news.

Ignition Lane's Weekly Wrap: Netflix comparisons, ScoMo's digital epiphany, Bitcoin's face-off

Weekly technology roundup covering Australia's digital economy budget, multiple startup raises including SafetyCulture's unicorn round, Data Republic's administration, TikTok's new permanent CEO, and Bill.com's purchase of Divvy.

Also Startup Daily

The startup funding round: Prescriptions to your door, $16 million for e-bikes and a Kiwi regtech comes to Sydney

Funding roundup: Zoomo and Chemist2U raise new rounds, First AML launches in Australia after its Series A, Frank Body closes private equity backing, and Quasar Satellite Technology receives Main Sequence investment.

Also Startup Daily

Electric bike maker Zoomo announces second round of funding

Australian e-bike firm Zoomo has announced a $16 million round led by AirTree, with the publisher investing a further $2.2 million, and has appointed four US industry figures to its advisory board.

Also Virescent Ventures·RenewEconomy·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily

Zoomo raises $12 million to expand e-bike subscription offerings

Australian e-bike subscription startup Zoomo has announced a $12 million round led by AirTree, following its 2020 Series A, to fund expansion into Europe, more US states and next-generation vehicles.

Also TechCrunch Venture·TechCrunch Venture

Welcome abroad: Australian founders shed light on raising overseas capital during the pandemic

Three local startups share how they secured offshore investment during COVID-19, covering virtual pitching, a seed round, a Series A, and accelerator-style support programs abroad.

Also Wholesale Investor·SmartCompany

With $11 million in fresh capital, Bolt Bikes rebrands to Zoomo

Sydney electric bike startup Bolt Bikes has rebranded as Zoomo and raised $11 million in a Series A led by the Clean Energy Finance Corporation, with equity and venture debt investors, to expand subscriptions.