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VOI Technology, the e-scooter startup from Sweden, raises $50M led by Balderton Capital
2018-11-18T23:00:26Z - Steve O'Hear / TechCrunch
VOI Technology, an e-scooter startup headquartered in Sweden but with pan-European ambitions, has raised $50 million in Series A funding, confirming our earlier scoop. As I previously reported, London-based venture capital firm Balderton Capital has led the round, alongside LocalGlobe, Raine Ventures, and previous VOI backer Vostok New Ventures. The VOI jobs page reveals that VOI is recruiting country managers for Denmark, Switzerland, Greece, Turkey, and Finland, too. “We see that we’ve changed user behaviour drastically in a very short time period,” VOI CEO Fredrik Hjelm tells me. This has led some VCs to describe the e-scooter space in Europe as a venture capital “blood bath” waiting to happen.

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