Deals
Electric Bike Startup Cowboy Working With BofA to Raise Funding
- Startup in talks with investors for more than $50 million
- Rival VanMoof had a $128 million funding round earlier
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Brussels-based electric bicycle startup Cowboy is seeking to raise a new round of financing, taking advantage of growing interest in cycling spurred by the coronavirus outbreak.
The company is talking to investors and targeting funding of more than $50 million, according to people familiar with the matter, who asked for anonymity because the discussions are private. Bank of America Corp. is advising Cowboy on the process, one of the people said.