Lime, the nine-year-old scooter and bike-share company, completed its initial public offering and raised $167 million. The company plans to use the funds to address approximately $1 billion in liabilities.
Lime's public debut comes after years of speculation about a potential IPO. The San Francisco-based micromobility company operates in over 600 cities worldwide, offering electric scooters and bikes as last-mile transportation solutions.
The $167 million raise addresses significant financial obligations the company has accumulated during its rapid expansion. With roughly $1 billion in liabilities on its balance sheet, Lime faces pressure to demonstrate profitability and sustainable unit economics.
The IPO marks a turning point for the micromobility sector, which has faced criticism over operational losses and regulatory challenges. Lime's path to profitability will likely influence investor appetite for other similar companies considering public markets.
The company competes with rivals including Bird and Spin in a crowded market where regulatory frameworks continue to evolve across different cities and regions.
Town, an enterprise personal AI assistant platform, is in talks to raise funding at a $1 billion valuation in a round led by Index Ventures, according to sources.
Product management platform Linear reached $100M in annual recurring revenue and conducted a $99M employee tender offer at a $2.5B valuation, doubling its valuation from $1.25B in 2025.
Flipboard is acquiring Bluesky feed-building startup Graze, integrating its ad technology and creator monetization tools into its open social web platform.
Artificial intelligence is fundamentally changing how startups operate, not just what they build. According to Floodgate co-founder Ann Miura-Ko, companies are deploying AI agents across engineering, sales, marketing, and strategy to accelerate learning and execution.