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E-bike subscription service Dance reaches 10,000 active subscribers | TechCrunch

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Here are two interesting tidbits of news about Dance, the German startup that offers electric bikes and mopeds via subscription packages. First, the company just added a handful of investors to top up its recent €12 million funding round. Second, Dance now has 10,000 active and paying members.

For the funding part, Dance isn’t saying much. The company isn’t disclosing the sum of this second tranche — it usually means that this isn’t a significant amount. But the startup managed to onboard some high-profile investors, such as 4P Capital, GDTRE, Carl Pei (Nothing), Alex Asseily (Jawbone, Lilium), Mads Fosselius (Dixa) and Andhim.

As a reminder, Dance raised $17.7 million (€15 million) in 2020, $19.4 million (€16.5 million) in 2021 and $13 million (€12 million) earlier this year. In other words, Dance has been raising money at a rapid pace.

This shouldn’t come as a surprise as many electric bike companies have experienced a Covid boom during the COVID-19 pandemic. Manufacturers like Cowboy and VanMoof raised large funding rounds. Bike-as-a-service startups…

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