Zagster Garners $1,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=48450817-039a-4ef7-b04a-a6b1161f91b6&Preview=1 -
Date
10/19/2012 -
Company Name
Zagster -
Mailing Address
One Broadway 14th Floor Cambridge, MA 02142 -
Company Description
71% of Americans say they’d like to bicycle more yet list access to a bike as the number one barrier to doing so. Zagster provides bikes where people live, work and visit; giving them access using their mobile phone. We’ve found property managers (e.g. Related Management), universities (Yale), businesses (Cisco) and hotels (Hyatt) are willing to cover the costs of providing bike fleets as an amenity. We’ve consulted in the space since 2007, launched at 56 locations and are a TechStars Boston company. -
Website
http://www.zagster.com -
Transaction Type
Venture Equity -
Transaction Amount
$1,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Zagster will use the funding to expand its bikes-as-a-service model across the country, hiring key senior-level positions in sales, operations and bike fleet management. -
M&A Terms
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Venture Investor
LaunchCapital -
Venture Investor
Fontinalis Partners -
Venture Investor
Individual Investor -
Venture Investor
Individual Investor
