Scoot Networks Lands $1,779,659 New Funding Round

  • Feed Type
  • Date
    11/26/2013
  • Company Name
    Scoot Networks
  • Mailing Address
    756 Natoma St. San Francisco, CA 94103
  • Company Description
    Scoot Networks is mobility for the city: A fleet of smartphone-enabled, 30 MPH, electric, Vespa-style scooters offered in a convenient, bicycle sharing-type system. Starting in San Francisco, they will be available on-demand throughout major cities, priced competitively with driving, taxis, and public transit.
  • Website
    http://www.scootnetworks.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,779,659
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Transaction Amount involves $724,501.94 of new cash investment and $1,055,157.95 via conversion of indebtedness. Proceeds purposes were not disclosed. SEC regulatory filing. Contact technology company for solicitation details, if applicable.
  • M&A Terms
  • Venture Investor
    Undisclosed

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  • Michael Keating

    Our round hasn’t closed yet, and we are raising a different amount. This post is not correct. Details on the round are here http://seedinvest.com/scoot.networks