Spin is a San Francisco-based dockless bike-sharing company that operates GPS-tracked, self-locking bicycles users locate, unlock, and pay for via a smartphone app. Its app supports Apple Pay and Android Pay and the team plans to integrate additional payment methods to broaden access. Spin emphasizes comfortable, easy-to-use bikes and aims to bring equitable bike sharing to communities without widespread credit-card or smartphone use. The company is incorporated as Skinny Labs Inc. and is led by CEO Derrick Ko, president Euwyn Poon and CTO Zaizhuang Cheng. Spin recently raised an $8 million Series A, which it intends to use to ramp up hiring and negotiate city deployments. It plans to roll out bikes in Seattle in June but did not disclose fleet size or other immediate city targets. Spin has engaged policy advisor Molly Turner to help navigate municipal regulations as it expands.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

May 2017