What is Unagi?
Founded in 2018 and headquartered in Oakland, California, Unagi specializes in the design and distribution of sleek, foldable electric scooters. The company distinguishes itself from traditional hardware manufacturers by offering an All Access subscription service, which provides riders with a reliable, always-available micro-mobility option. This business model addresses the growing demand for flexible, sustainable, and efficient urban transportation, positioning Unagi as a critical component of the modern smart-city infrastructure. By integrating high-end design with a service-oriented platform, the firm effectively bridges the gap between consumer hardware and mobility-as-a-service.
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 Gaingels, The Ecosystem Integrity Fund, Menlo Ventures, and Broadway Angels
Key Investors in Unagi
Gaingels
Gaingels is a prominent investment syndicate focused on supporting the LGBTQ community and allies, providing capital to high-growth companies across various sectors.
Menlo Ventures
Menlo Ventures is a Menlo Park-based venture capital firm that partners with founders to scale early and growth-stage technology companies across enterprise and consumer markets.
Broadway Angels
Broadway Angels is an investment group comprised of world-class female executives and investors who provide strategic advisory and capital to high-potential technology startups.
What's next for Unagi?
With the recent influx of capital, Unagi is well-positioned to scale its All Access program and refine its supply chain logistics. The strategic focus will likely shift toward increasing fleet density in high-demand urban centers and optimizing the user experience through technological enhancements. As the micro-mobility market matures, Unagi's ability to maintain its premium brand identity while scaling its subscription base will be a key indicator of its long-term viability. Investors are closely watching how the company leverages this financing to navigate the competitive landscape of last-mile transportation, particularly as cities continue to prioritize green transit alternatives.
See full Unagi company page
