Exor Seeds co-led a $26.7m round for Cowboy that will drive the electric bicycle maker's European expansion efforts.

Belgium-based electric bicycle manufacturer Cowboy completed a €23m ($26.7m) series B round yesterday co-led by Exor Seeds, the early-stage investment arm of diversified holding group Exor.

Venture capital investment platform Isomer Capital co-led the round, while Index Ventures, HCVC, Tiger Global Management and Future Positive Capital also contributed.

Cowboy produces connected e-bikes aimed at an urban demographic. They unlock automatically through a mobile app when the owner approaches, while a dedicated mobile app also provides a theft alert and the…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.