We are excited to announce that our portfolio company, Joyride, has recently closed a $4.6 million CAD post-seed round to accelerate its growth in the mobility space. The all-equity round was oversubscribed and led by Proeza Ventures and Urban Innovation Fund and saw participation from Liil Ventures, Something Good Ventures, and Two Small Fish Ventures.
This is an amazing milestone for Vince and the entire Joyride team. We have been part of Joyride’s journey since the company graduated from CDL in 2019 and are proud of all the progress the team has made so far.
Despite the onset of COVID-19 and global lockdowns, Joyride saw an influx in the demand for scooters, bikes, and mopeds in over 160 markets across the world. The company also more than doubled its number of operators and expanded its geographic reach, team, and revenue. We believe that the demand for micro-mobility will continue to grow as COVID restrictions begin to ease and we are excited about the opportunities ahead.
We are proud of Joyride’s positive traction so far and are excited to participate in this follow-on investment.
A huge congratulations to the entire Joyride team on this amazing feat!
Image credit: freepik
