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Hammerhead Closes $4.5M Strategic Financing for Further Growth

Posted by Hammerhead Team on

Hammerhead Closes $4.5M Strategic Financing for Further Growth

We hope that all of you are staying healthy and safe during this challenging time. Our team members are all well and working from home, and we are grateful to say that our mission remains on track.

We are very excited to announce that we have closed a strategic financing of $4.5M. This additional capital will allow us to continue to fuel Hammerhead’s growth and some very exciting initiatives that we are excited to share with you soon.

We are deeply grateful to have the backing of Lance Armstrong’s NEXT VENTŪRES, Primary Venture Partners, KB Partners, Courtside Ventures and Maveron in this round! We feel fortunate to have investors who believe in our mission and are willing to make investments in this globally difficult time. 

It has been deeply encouraging to see how the bicycle has been such a spring of wellbeing for so many during this period of social distancing. Here in New York, bicycles are playing a large role in supplying the city with medical equipment, food, and other essentials. Many New Yorkers are riding more than ever, both indoors and safely outside. The bicycle continues to be an indispensable part of the lives of so many, and we are excited to keep working to make cycling more accessible to more people.

Be well,

Pieter Morgan, Hammerhead CEO

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