Sources: Balderton Capital gearing up to invest in Swedish e-scooter startup VOI

INSUBCONTINENT EXCLUSIVE:
context of United States companies Bird and Lime recently expanding to Europe
rental play with pan-European ambitions.According to multiple sources, the London-based venture capital firm is gearing up to lead a round
in Stockholm-based VOI
Two sources say the amount being invested is $15 million at a pre-money valuation of between $35-40 million, while another source said it
could be as much as $25 million
Prime Ventures.To date, VOI has raised just shy of $3 million in seed funding from Vostok New Ventures.I contacted Balderton Capital
A spokesperson for Project A also declined to comment
the bet being made by Index, Accel and Atomico)
rental market be rolled over by the United States in the same way that Uber rode in and knocked out many local players.With that said, the
worse-case scenario in the eyes of many of those same VCs (and those VCs standing on the sidelines not participating) is that Bird or Lime
will eventually acquire the most promising European e-scooter company or companies
only European born e-scooter startups with pan-European ambitions
planning to be pan-European, including Germany.Not that everyone is convinced
Two early-stage European VCs I spoke to today said they hated the space
could see in Europe annually