Berlin-based electric mobility subscription service provider Dance has raised €10 million in an equity and debt financing round led by existing investors HV Capital, Eurazeo, and BlueYard.
The round also drew support from Winthrop Square Capital, Joe Zadeh (Ex Airbnb), Max Ciociola (Founder & CEO Musixmatch), Julian Teicke (Founder & CEO Wefox), David Eriksson (co-founder teenage engineering), Katharina Kurz (Founder BRLO), Ryan Johnson (Founder & CEO Culdesac), and Kristian Rädle & Frank Wiedemann ( me).
According to the company, the funds will be used to further support operations in its five active markets: Paris, Berlin, Hamburg, Munich, and Vienna.
“We are proud that we have made great progress in 2022, despite a challenging economic environment. 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,” commented Dance Founder and CEO Eric Quidenus-Wahlforss. “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.”
Since mid-202 Dance has raised approximately €67.5 million over seven funding rounds.