The Stanford-StartX Fund-backed electric scooter and bike rental service has raised $335m in a GV-led round that also included Uber.
Lime, a US-based electric scooter rental service backed by the Stanford-StartX Fund, confirmed on Monday that it has raised $335m in a round led by GV, a corporate venturing vehicle for internet and technology conglomerate Alphabet.
GV was joined by its parent company as well as ride hailing platform Uber, financial services group Fidelity Management and Research, VC firms Institutional Venture Partners, Atomico, Andreessen Horowitz and Fifth Wall Ventures, investment firm Coatue Management and Singapore’s sovereign wealth fund, GIC.
Joe Kraus, a general partner at GV, is joining Lime’s board of directors in conjunction with the round, which values the company at $1.1bn according to a Wall Street Journal report last month. The round was initially rumoured to be $250m in size.
Founded in 2017 as LimeBike, Lime operates a service that enables users to rent e-scooters pedal bikes and electrically-assisted bicycles. It is available as a smartphone app…
