Mobility subscription service Dance has raised €12 million in fresh funding.
The equity is led by HV Capital, Eurazeo and BlueYard, which are all existing investors. New investors coming on board include Winthrop Square Capital and a number of individual investors including ex-Airbnb product lead Joe Zadeh.
Dance says the funds will be used to continue its mission to create “more livable cities” through sustainable mobility. The startup is currently present in Paris, Berlin, Hamburg, Munich and Vienna.
The Berlin-based company offers electric bikes and mopeds on a monthly subscription basis including a recently launched B2B offering that enables companies to sign up to the service and offer the mobility options to employees.
Subscribe to our newsletter below
Eric Quidenus-Wahlforss, founder and CEO of Dance, says: “We started last year with a few hundred members in Berlin and have quickly grown to many thousands across Paris, Berlin, Hamburg, Munich and Vienna, validating the demand for our sustainable mobility solutions and the power of subscriptions versus owning or sharing a vehicle. With the launch of Dance For Business we enable companies to provide Dance e-bikes and mopeds as an employee benefit. By continuously growing our movement, we are driving the evolution of cities and making a significant, positive contribution to climate change.”
The company points to a BCG study published last year that shows subscriptions are the fastest growing category in micromobility.
Dance landed funding of €20 million just under a year ago, which came on top of series A funding of €15 million in 2020 and €16.5 million in September 2021 .