Netherlands-based e-bike manufacturer VanMoof has raised £30m ($37.7m) in its series B round taking its total funding to £55m.

In May, VanMoof received $13.5m in a round featuring electronics manufacturer Sinbon Electronics, its strategic bike assembly partner, and venture capital firm Balderton Capital.

Balderton along with VC peers Felix Capital and Norwest Venture Partners, which has bank Wells Fargo as its main limited partner, provided the additional capital.

The company previously secured a $2.8m convertible note in July 2019 through…

James Mawson

James Mawson is founder and chief executive of Global Venturing.