Voi Technologies secured $30M in more funding and added Project A and Creandum as new investors.

Sweden Investments 04 March 2019
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Voi Technology, a Stockholm, Sweden-based startup providing on demand electric scooters for renting, announced that it secured $30M more in investment.

The backing was supported by existing investors Vostok New Ventures, Balderton Capital, LocalGlobe and Raine Ventures and included two new ones - Creandum and Project A. A number of angel investors also participated - Cristina Stenbeck (Kinnevik), Justin Mateen (co-founder of Tinder), Keith Richman (board member, Grubhub), Jeff Wilke (Amazon), Sujay Jaswa (founder of WndrCo), Sujay Tyle (CEO Frontier Car Group), Diego Piacentini (Former Head of International Business, Amazon) Christian Leone (founder of Luxor Capital) and Spencer Rascoff (ex-CEO of Zillow).

The money will be used to accelerate the operational expansion across Europe, as the company faces increased competition from other European and American companies.

Voi Technology was founded in 2018 by a group of students led by CEO Fredrik Hjälm and backed by Vostok New Ventures. The company launched its service in Stockholm in the summer of 2018 and has raised more than $50M to date.