In a recent development, Flash, a new e-scooter startup based in Berlin has raised Series A funding of €55 million. This funding round was led by Target Global alongside other participants such as Idinvest Partners, Signals Venture Capital and other angel investors.
Flash was founded in 2018 by Delivery Hero and Team Europe founder Lukasz Gadowski, Carlos Bhola and Tim Rucquoi-Berger. Target Global, which funded a majority of investment was an existing backer of the startup. As of now, the startup has a team of over 50 employees roped in from Uber, Airbnb and Amazon.