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Australia Digest: SafetyCulture becomes unicorn, e-bike startup Zoomo raises $12m


Australia Digest: SafetyCulture becomes unicorn, e-bike startup Zoomo raises $12m
Sydney, Australia. Photo by Liam Pozz on Unsplash
May 4, 2021
Australian operations platform SafetyCulture has raised $73 million to become a unicorn, while e-bike innovator Zoomo has secured $12 million in a funding round led by AirTree Ventures.
SafetyCulture secures $73m to hit unicorn status
SafetyCulture, the global operations platform that aims to drive improvements in the workplace, has reached a $1.6-billion valuation following a $73-million funding round led by global venture capital and private equity firm Insight Partners.
Existing investors Tiger Global, Index Ventures, and Blackbird also participated in the funding round that SafetyCulture said will support its expansion. ....

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Zoomo raises $12 million expand e-bike subscription offerings – TechCrunch


Zoomo raises $12 million to expand e-bike subscription offerings
Zoomo, the Australian startup with a mission to electrify delivery fleets through e-bike subscriptions, announced a $12 million interim capital raise on Monday.
The company made a name for itself through partnerships with UberEats and DoorDash to help delivery workers access e-bikes through weekly subscriptions at discounted rates. Zoomo then grew to offer monthly subscriptions to corporate partners in Australia, the U.S. and London for last mile delivery, with a fleet that has expanded beyond 10,000 units globally.
Now, the startup hopes to expand its service outward towards continental Europe and other states across the U.S. It currently operates in New York City, San Francisco, Los Angeles and Philadelphia. Zoomo also wants to build up its consumer model, which mainly serves couriers but is extending to commuters, and will invest in the development of its next generation of vehicle offerings. ....

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