Bolt Bikes launches subscription platform for gig workers in UK and USA

Australia based Bolt Bikes has its eye on the gig economy market in the USA and the UK. It has announced the launch of an e-bike subscription platform for delivery and gig workers. Founded in 2017, the company is utilizing its $2.7 million seed round led by Maniv Mobility, Contrarian Ventures, and former executives of Uber and Deliveroo, to help fund the expansion.

“Being in the food delivery industry since its inception, we saw that light electric vehicles were the real future of ‘last mile’ logistics, yet no-one was offering the right vehicle, financing or maintenance solution,” Mina Nada, founder of Bolt Bikes said in a statement.

MMC Ventures launches £100 million ‘Scale-Up’ Fund

London-based venture capital fund MMC Ventures has launched a new £100 million for its late-stage portfolios. While the VC focuses more on Series A, this new fund will help them invest further in their existing early-stage investments and other startups seeking funding in Series B and beyond.

“This Fund allows us to double down on our most successful businesses while enabling our investors, and others, to take full or partial exits from early investments,” said MMC Managing Partner Bruce Macfarlane.

Eden, a workplace management platform, raises $25 million

With a goal to make daily office and workplace management easier by connecting companies with a marketplace of third party IT, support, and cleaning staff, Eden was launched in 2015. The company recently announced a $25 million Series B financing.

The round was led by Reshape and saw participation from a smattering of investors, including, Fifth Wall Ventures, Bessemer Venture Partners, Comcast Ventures, and Impala Ventures among others.