|Advisory target:||Florent | Legal Advisory Corporate M&A|
|Buyer:||Hillhouse Capital | Private Equity
Norwest Venture Partners | Private Equity
Balderton Capital | Private Equity
Felix Capital | Private Equity
TriplePoint Capital | Private Equity
VanMoof, a Dutch e-bike brand, has raised $128 million in a Series C funding round. The round was led by Hillhouse Capital, an Asia-based private equity firm. These funds cement VanMoof as category leader and tipping point brand to drive worldwide e-bike adoption and help further its rapid global expansion. The company will use the funds to increase its production capabilities, continue the development of new technology, improve bike specs and reliability, and break down more barriers to cycling. Alongside Hillhouse Investment, the Series C funding includes commitments from Gillian Tans, former CEO of Booking.com, and existing investors Norwest Venture Partners, Felix Capital, Balderton Capital, and TriplePoint Capital.