Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

British robot firm moves production to Madrid to maintain EU base post-Brexit

Investments

AI startup Mogees raises £1m, brings total to £3m

Investments

InsurTech startup Neos lands £5m in Series A round

Press Releases

Zzish hits £1.15m funding target on Crowdcube for technology that will democratise quality education and move the needle on learning
Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor talent.io poised for further growth with €8m investment secured

Bike navigation device BeeLine raises £500,000

BeeLine team
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

BeeLine, a navigation device and app for cyclists, has raised over £500,000 in its first Seed round.

The company secured funding from retail and consumer startup investment fund TrueStart, as well as Seedrs, Seedcamp, EarlyMarket and the London Co-Investment Fund.

BeeLine is a Bluetooth-connected, handlebar-mounted device that helps urban cyclists get from A to B without giving them turn-by-turn instructions. The device features a sort of compass arrow, which points in the direction in which the cyclist needs to go, so it’s up to them which paths and roads they take.

EXCLUSIVE: Edinburgh-based Care Sourcer raises £500,000 Seed

Tom Putnam, co-founder of BeeLine, said: “An exciting area for us will be in the ride data that we can gather and use to inform a range of third parties, from city planners to delivery services. Part of this funding will aid in the development of the technology needed to support this.”

Baz Saidieh, CEO of TrueStart, said his firm was attracted to invest in BeeLine because of the talented team behind it and the genuinely disruptive nature of their product.

BeeLine

“It was clear that the founders not only understood the cycling market but appreciated the importance data plays in strengthening their business,” he concluded.

Of the £500,000 received, £85,000 came from the London Co-Investment Fund, which is an initiative supported by the Mayor of London, Sadiq Khan, and run by Funding London.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

British robot firm moves production to Madrid to maintain EU base post-Brexit
posted 6 hours ago

AI startup Mogees raises £1m, brings total to £3m
posted 7 hours ago

smart home

InsurTech startup Neos lands £5m in Series A round
posted 11 hours ago

Bath-based wedding planning app Prezola raises £3m
posted 12 hours ago

ThingTrax

EXCLUSIVE: IoT startup ThingTrax gets over £250,000 in Seed funding
posted 15 hours ago

Amber Rudd

UK govt reportedly planning to ban encryption following Manchester attack
posted on May 24, 2017