Qeebike completes series A journey

Mar 28, 2018 • Robert Lavine

Existing investor Legend Capital returned for an eight-figure series A round that will fund the electric bicycle sharing service's expansion.

China-based electric bicycle rental service Qeebike has raised an eight-figure dollar amount in a series A round featuring Legend Capital, the venture capital firm formed by conglomerate Legend Capital, Kr Asia reported yesterday.

VC group IDG Capital led the round, which included investment banking firm Incapital and VC funds Ventech China and Qingsong Fund.

Founded in late 2016, Qeebike runs an app-based bicycle sharing service that makes use of a fleet of almost 10,000 electric bikes intended to complement ride…

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