Dance announced raising €15 million in Series A funding from HV Holtzbrinck Ventures, BlueYard and angel investors.

Germany Investments 22 October 2020
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Dance, a Berlin, Germany-based startup building a bike-subscription business, announced that it secured a €15 million investment round in Series A funding.

The money was raised from investors from Germany, led by HV Holtzbrinck Ventures and including contributions from BlueYard and angel investors.

Dance, founded in 2020 by Eric Quidenus-Wahlforss (CEO), Alexander Ljung and Christian Springub, is working for putting together a business based on a subscription for full-service, full-access electric bike.

Dance, which is manufacturing its own bikes, will be operated via a mobile app, providing access to the bike management, as well as to an all-inclusive services, maintenance and theft replacement insurance, included in the monthly subscription fee.

The service is on an invite-only mode available to Berlin people, and expected to go to market in 2021.