Dance receives 16.5 million euros

The service provider of e-bike subscriptions was able to convince Verena Pausder and Roxanne Varza, among others, of its concept.

The Berlin-based start-up Dance has raised a total of 16.5 million euros in a financing round. The money came from investment firm Eurazeo, among others. Prominent business angels also participated. These include Verena Pausder, founder of the digital children's studio Fox & Sheep, and Roxann Varza, director of the Paris start-up incubator Station F. Also giving money were Nicolas Berggruen, founder of the Berggruen Institute and Noema Magazine, and Dave Morin and James Higa, co-founders of Offline Ventures.

E-bikes can be subscribed to monthly through Dance, so far only in Berlin. The startup says it will use the new funding to double its team, among other things. The start-up had launched its subscription service in Berlin at the end of August after a year-long pilot and testing phase. "We are proud to welcome them and other new angel investors as part of Dance's movement to focus on creating more sustainable cities," said Eric Quidenus-Wahlforss, Dance's co-founder and CEO.