What is Unagi?
Founded in 2018 and headquartered in Oakland, California, Unagi specializes in the design and distribution of sleek, foldable electric scooters. Beyond hardware, the company distinguishes itself through its All Access subscription service, which provides riders with a flexible, always-available micro-mobility option. This model addresses the growing demand for sustainable, efficient, and convenient urban transportation solutions, positioning Unagi as a key competitor in the evolving landscape of city transit. By prioritizing portability and user-centric design, the company has carved out a significant market position, appealing to professionals and city dwellers who require reliable last-mile connectivity.
How much funding has Unagi raised?
Unagi has raised a total of $13.8M across 3 funding rounds:
Angel/Seed
$3.1M
Debt
$150K
Series A
$10.5M
Angel/Seed (2019): $3.2M with participation from Menlo Ventures
Debt (2020): $150K led by PPP
Series A (2021): $10.5M supported by Broadway Angels, The Ecosystem Integrity Fund, Menlo Ventures, and Gaingels
Key Investors in Unagi
Menlo Ventures
Menlo Ventures is a Menlo Park-based venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, consumer internet, and infrastructure, typically partnering with founders through multiple stages of scale.
Gaingels
Gaingels is a leading investment syndicate supporting the LGBTQ community and allies, providing capital to high-growth companies that prioritize inclusive teams and diverse leadership.
Broadway Angels
Broadway Angels is an investment group comprised of world-class business executives and investors who focus on supporting start-up and growing companies, particularly in the information technology sector.
What's next for Unagi?
With the infusion of recent capital, Unagi is well-positioned to accelerate its market penetration and operational efficiency. The strategic focus will likely shift toward expanding its service footprint into new urban centers and optimizing its fleet maintenance infrastructure. As the micro-mobility industry matures, Unagi's ability to maintain its competitive edge will depend on its capacity to integrate advanced software solutions with its hardware offerings, potentially exploring new partnerships to bolster its subscription ecosystem. The company remains a focal point for investors interested in the intersection of consumer hardware and sustainable urban infrastructure.
See full Unagi company page
