Tech Company Financing Transactions
Cycle Funding Round
On 5/11/2022, Cycle announced $17.4 million in Seed investment from LocalGlobe, EnBW New Ventures and Founder Collective.
Transaction Overview
Company Name
Announced On
5/11/2022
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$17,400,000
Round
Seed
Investors
LocalGlobe (Lead Investor)
private investors (Fredrik Hjelm)
private investors (Jan Dzulko)
private investors (Roger Hassan)
Proceeds Purpose
GetHenry also plans to use the fresh capital to diversify its product portfolio, with plans to develop and deploy cargo bikes and electric mopeds in the near future.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Blücherstrasse 22
Berlin, 10961
Germany
Berlin, 10961
Germany
Phone
Undisclosed
Website
Email Address
Overview
Cycle (formerly GetHenry) is a fully serviced mobility solution for last-mile delivery and couriers. We offer a tailor-made mobility service which allows customers to subscribe to electric utility vehicles including regular maintenance and software. We are driven to improve operations in the delivery sector, while reducing transport related CO2 emissions in cities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Luis Rosenberg
Chief Technical Officer
Juan Martino
Co-Founder
Nikodemus Seilern
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We report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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