LimeBike, an app-controlled bike sharing platform, has secured funding from StartX to help it expand to 30 US markets by the end of 2017.
US-based bike sharing platform LimeBike received $50m in series B funding yesterday in a round featuring the Stanford-StartX fund, an investment vehicle backed by Stanford University.
The round was led by hedge fund Coatue Management, while GGV Capital, Andreessen Horowitz and DCM Ventures also took part, as did Franklin Templeton Investments, Section 32, AME Cloud Ventures and Durant Company.
Founded in 2017, LimeBike operates a dockless network of bicycles that users can rent temporarily by locating them through a mobile…
