What is Unagi?
Established in 2018 and headquartered in Oakland, California, Unagi addresses the evolving needs of urban commuters by offering a unique 'All Access' subscription model for its foldable electric scooters. This approach aims to provide unparalleled convenience, ensuring a micro-mobility option is always available to riders. The company's commitment to innovation in personal transportation positions it as a key player in the burgeoning electric scooter market.
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, Gaingels, Menlo Ventures, and The Ecosystem Integrity Fund
Key Investors in Unagi
Broadway Angels
Broadway Angels is an angel investment group comprised of experienced women investors and executives, focusing on information technology and other promising startups, often acting as advisors.
Gaingels
Gaingels is a leading investment syndicate supporting the LGBTQ community and allies, investing in high-growth companies with inclusive teams across various sectors from Seed to pre-IPO stages.
Menlo Ventures
Menlo Ventures is a venture capital firm based in Menlo Park that invests in early and growth-stage technology companies, often taking board roles and supporting founders through scaling.
What's next for Unagi?
With the infusion of $13.8M in total capital, Unagi is poised for significant expansion and further product development. The recent strategic investment suggests a focus on scaling operations, enhancing its subscription service, and potentially broadening its geographic reach. This capital injection will likely fuel advancements in scooter technology and the underlying platform, reinforcing Unagi's competitive edge in the micro-mobility sector and its mission to redefine urban commuting.
See full Unagi company page
