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Cycling Last Mile Transportation North America Ride Sharing SaaS Software Transportation

Joyride Raises $3.7M in Funding

– Joyride is a global micromobility software platform provider.
– The company raised $3.7M in funding.
– The round was led by Proeza Ventures and Urban Innovation Fund, with participation from Liil Ventures, Two Small Fish Ventures, co-founded by Eva Lau and Wattpad Co-founder Allen Lau, and former Shopify Chief Product Officer Craig Miller of Something Good Ventures.
– The new investment will be used to make strategic hires for software, marketing, sales and customer success roles across its offices in Toronto and Europe, attract new customers in thousands of markets and provide existing operators with more solutions customized to their city-focused and private fleet needs.

Cycling North America Retail

The Pro’s Closet Raises $40m in Series B Funding

– The Pro’s Closet, a Boulder-based destination for Certified Pre-Owned bikes, e-bikes, and components, closed a $40m Series B funding round.
– The round was led by The Chernin Group with participation from existing investors Foundry Group, Edison Partners, and Ridgeline.
– The company intends to use the funds to grow operations and technology teams, expand its teams of bike experts, and facilitate physical expansion to new markets.

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