Zagster Lands $4,554,575 New Funding Round

  • Feed Type
  • Date
    5/22/2015
  • Company Name
    Zagster
  • Mailing Address
    24 Thorndike Street Cambridge, MA 02141 USA
  • Company Description
    71% of Americans say they’d like to bicycle more yet list access to a bike as the number one barrier to doing so. Zagster provides bikes where people live, work and visit; giving them access using their mobile phone.
  • Website
    http://www.zagster.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,554,575
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Includes approximately $1,762,065 in principal and interest under convertible notes converted into shares of Series A Preferred Stock in connection with the initial closing of this private placement offering. Proceeds purposes were not disclosed. SEC regulatory filing. Contact technology company for investment details, if applicable. Not an offer or solicitation for sale of securities.
  • M&A Terms
  • Venture Investor