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  • Deal or case news
  • 18-09-2020

NautaDutilh has together with Goodwin, assisted Norwest Venture Partners on the $40M Series B financing round of VanMoof, the category-defining Dutch e-bike brand. Felix Capital and Balderton Capital invested alongside Norwest Venture Partners. The Series B investment brings VanMoof's total raised to $73 million, marking the next phase of hyper-growth for world’s fastest-growing e-bike brand.

The Series B funding will be used to meet the increased demand and shorten delivery times. Most importantly, a significant portion of the funding will go towards building a suite of rider service solutions, making best-in-class support one of VanMoof’s key pillars. “Our next frontier is to transform our business by building a full support ecosystem around every rider,” said co-founder Ties Carlier. This ecosystem includes a global mobile service network, more intuitive app support, smarter software with remote diagnostic solutions, and more proactive customer support.

Read the press release by Van Moof here.

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