Y Combinator Backs LatAm Focused e-Scooter Startup Grin

July 20, 2018
monashees+, Sinai Ventures, Liquid2 Ventures, 500 Startups, Base10 Partners and others made an undisclosed seed investment in Grin, an e-scooter company that just joined Y Combinator.

monashees+, Sinai Ventures, Liquid2 Ventures, 500 Startups, Base10 Partners and others made an undisclosed seed investment in Grin, an e-scooter company that just joined Y Combinator.

(Axios) Grin, a Latin America-focused scooter startup, is participating in Silicon Valley’s Y Combinator accelerator program.

Bottom line: E-scooters aren’t just a U.S. transportation phenomenon.

More:

  • The startup recently debuted in Mexico City, co-founder Sergio Romo tells Axios.
  • Grin has raised funding from Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees, and Base10 Partners, among others. Romo declined to disclose the amount.
  • Y Combinator wasn’t purposefully looking to invest in more scooter startups, partner Eric Migicovsky tells Axios, though it is a trend the organization has kept an eye on.

1 fun thing: Romo says that he and his co-founder started the company after missing out on investing in the U.S. scooter startups, whose fundraising and valuations have been skyrocketing (“we write small checks,” he says).

0
Facebook Twitter Google +

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

Keep in touch

Twitter Linkedin Youtube