Dance Raises €16.5M in Funding

Dance GmbH

Dance, a Berlin, Germany-based ebike subscription company, raised an additional €16.5m in funding.

Eurazeo joined HV Capital and BlueYard as investors, alongside additional angels including:

  • Nicolas Berggruen, philanthropist and founder of Berggruen Institute and Noema Magazine
  • Roxanne Varza, director of STATION F, a leading startup incubator in Paris
  • Verena Pausder, founder of digital kids studio Fox & Sheep
  • Offline Ventures cofounders Dave Morin, who founded path and James Higa, original member of the Macintosh team.

The company intends to use the funds to scale the business, including doubling the team to add more operations, engineering and sustainability-focused team members, and launch in additional markets in Europe through 2022.

Founded by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung, together with the co-founder of Jimdo, Christian Springub, Dance is a premium ebike subscription service that provides flexibility for members who want to try a new way to commute outside of car ownership.

Since rolling out its service in Berlin after a year of piloting and testing, Dance has delivered hundreds of ebikes to its initial community of members.