#Cannon go fund me drivers

вЂњI think this role attracts a certain personality. The company is not yet profitable, as it is investing to chase rapid growth, and Mr Nada said the fundraising process had taken three months to finalise.Дespite having to conduct the separate tasks of thrashing out a funding round, with frequent early morning and evening calls to the United States and Europe, while running business as usual during the day, Mr Nada said he was relishing the challenge of building a fast growth company. Mike Cannon-Brookes said he had backed Zoomo because of its potential to reduce carbon emissions in deliveries. вЂњThis raise will really see us go from a start-up to a scale-up,вЂќ said Mr Nada, who is ZoomoвЂ™s chief executive.

#Cannon go fund me drivers

It has clients such as US fast grocery delivery firm Gopuff and DominoвЂ™s and Milkrun in Australia, and will use the money to expand further into Spain, France, Germany and the United States and finish developing its next-generation bike model.ДЇrom its earliest days as a bike rental start-up for Deliveroo drivers in Sydney called Bolt Bikes, Zoomo has expanded and now provides a вЂњone-stop shopвЂќ of fleet management and delivery solutions, including bikes, software, servicing and finance. The round was led by Grok Ventures, the fund of Mr Cannon-Brookes and his wife Annie, with money also from Kim Jackson and Scott FarquharвЂ™s Skip Capital and global cleantech investor ArcTern Ventures.Д¬o-founded by former Deliveroo and Mobike executive Mina Nada and his former Bain & Company consultant colleague Michael Johnson, Zoomo makes, sells and rents e-bikes to both gig economy delivery drivers and the operators that employ them. Zoomo co-founders Mina Nada and Michael Johnson.

The round is its second external investment of the year, following a $15.4 million injection in May, and comprises 50 per cent equity and 50 per cent debt funding. Electric bike start-up Zoomo has banked a substantial $80 million funding round with investment from the venture capital funds of both Atlassian founders Mike Cannon-Brookes and Scott Farquhar, as it rides the wave of rampant growth in the home delivery food and grocery market.