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InMotion Ventures, powered by Jaguar Land Rover, said it has closed its first investment, participating in a $1.0m seed round for US-based startup GoKid. The round also saw investment from Fontinalis Partners.
GoKid, founded by a graduate of the 2016 Detroit-based Techstars Mobility class, is a mobile first platform enabling secure and convenient ridesharing for schools, after school activities and active families, making it easy for parents to schedule and manage trips for their children within their trusted networks. The company was founded by Stefanie Lemcke, who after moving from New York City to Connecticut found herself trapped in traffic jams with her neighbours as they all drove to the same place at the same time to drop off and pick up their kids.
InMotion Ventures invests in promising early stage companies (Seed to Series B) that shape the emerging mobility supply chain, and develop premium mobility services and technology solutions that deliver a more integrated mobility experience.
Managing Director of InMotion Ventures,Sebastian Peck, said: “I am delighted that we have been able to invest in GoKid. I was very impressed by Stefanie and her team when we met in Detroit, and there is a clear alignment with our vision for the future of mobility. We are delighted that we were able to complete the investment within five working days, and strive to be a great partner for the GoKid team, providing the support, resource and expertise that will help them scale rapidly.”
On her part, GoKid’s founder, Lemcke , said: “I was immediately compelled by InMotion’s values, and how well they fit with our roadmap. As part of the growing mobility-as-a-service sector, we are excited to align our technology and vision for the company with InMotion as we see the global market of connected vehicles as an important part of the future of transportation. Our priority is now making the most of their support and delivering on our forward-looking vision for GoKid.”
