StrollMe Raises €22Mn to Expand Children’s Mobility Subscription Business

The funding includes both equity and debt financing. The company will use the money to grow its business in existing markets and strengthen its operations.

The investment will also help Strollme prepare for expansion into other European countries in the future.

Existing investors Hanse Ventures, HGDF, JOSS and business angel Kristina Schreiner, from the better ventures network, have invested again. New investor BMH Beteiligungs-Managementgesellschaft Hessen mbH (BMH) also joined the round through its Hessen Kapital I fund.

Sebastian Reichelt, co-founder and Managing Director of StrollMe, says: “This financing is a milestone for StrollMe. The equity from our existing and new investors and the credit facility from Growth Credit Partners enable us to significantly expand our fleet and offer families even more choice on subscription. We have also laid the foundation to strengthen our position in Europe step by step and in a capital-efficient way.”

Lena Lang, Senior Investment Manager at BMH, adds: “A circular economy needs business models that scale. StrollMe shows that using rather than owning works for children’s products, and we are delighted to continue supporting the growth of the Hesse-based team.”

Luke Wilson, Growth Credit Partners, says: “StrollMe offers families a compelling alternative to buying children’s products outright and has built a strong subscription business around a high-quality fleet. We’re delighted to support Sebastian, Timon and the team as they expand the fleet and grow the business in Germany and across Europe.”

Founded in 2020 by Timon Beutel and Sebastian Reichelt, StrollMe is headquartered in Frankfurt, Germany. The company offers children's mobility products through a flexible subscription service in Germany, Austria and the Netherlands.

Its product range includes children's bikes, balance bikes, strollers, car seats and accessories. Customers can choose products based on their child's age, with brands such as Woom, Bugaboo, Doona, Nuna and Thule available.

Read Also- Barcelona-Based ALLOX Raises €9.4Mn to Advance Its AI-Driven Drug Discovery Platform