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Kick Scooter Sharing Market Witnessing Massive Growth says P&S Intelligence
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NEW YORK, March 11, 2021 /PRNewswire/ Venture capitalists across the world are making hefty investments in start-ups and businesses related to kick scooter sharing services. For instance, in 2018, Balderton Capital, a London-based venture capital firm, invested $50 million in VOI Technology AB, a Sweden-based electric kick scooter sharing firm. Similarly, Dott and Tier have received heavy funding from EQT Ventures, Naspers Ventures, Goodwater Capital, and Mubadala Capital. These investments will fuel the kick scooter sharing market
advance at a CAGR of 51.3% during 2019–2025. According to P&S Intelligence, the market will reach $4,090.5 million by 2025 as a result of such funding.
LatAm corporate spend-management startup Clara raises $3.5M, comes out of stealth
This morning Clara, a corporate spend-management startup focused on the Latin American market, announced its product launch and a $3.5 million pre-seed round led by General Catalyst.
The company’s funding caught TechCrunch’s eye as there has been a flurry of funding for related companies serving the United States market. From Divvy to Brex to Ramp to Airbase to Teampay, investors have poured capital into startups working to help companies better track and manage their spend.
Companies working in the fintech niche tend to monetize in one of two ways, namely interchange revenues and software incomes. Or more simply, some in the corporate spend category generate revenues when users swipe cards, earning a slice of the transaction. And some also charge for the software that they have wrapped around their cards and other methods of payment.