Bike-Sharing App Cycle.Land Crowdfunding Exceeds Target
Social marketplace for bicycle sharing, Cycle.Land, has successfully secured its initial £100,000 funding target on Seedrs. The platform launched its equity crowdfunding campaign earlier this month seeking the funds to make its debut in five additional cities across the UK, which are Brighton, Bristol, Cambridge, Edinburgh, and London.
Cycle.Land received support from Oxford University Innovation Incubator in March 2016 and launched in Oxford shortly after. The website claims to have 100% month-on-month growth in total users. Its web-app enables UK members and international travelers to borrow bikes from local cyclists, families, and vendors, from as little as £1 per day. – CrowfundInsider