Zagster Garners $1,000,000 New Funding

  • Feed Type
  • 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
  • Venture Investor
    LaunchCapital
  • Venture Investor
    Fontinalis Partners
  • Venture Investor
    Individual Investor
  • Venture Investor
    Individual Investor

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