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GGV Capital Leads US$63m Series A in Brazilian Mobility Startup Yellow

13 September 2018

GGV Capital led a US$63m Series A in Yellow, a Brazilian dockless bike service, with participation from monashees+, Grishin Robotics, Base10 Partners and Class 5. monashees+ and Grishin Robotics led a US$9m seed round in 2018.  Yellow is founded by Eduardo Musa, former CEO of bike manufacturer Caloi, and 99 co-founders Ariel Lambrecht and Renato Freitas.

(Fortune Term SheetYellow, a Brazil-based startup focused on micro-mobility services across Latin America, raised $63 million in Series A funding. GGV Capital led the round, and was joined by investors including monashees, Grishin Robotics, Base10 Partners and Class 5.