Lime declared additional massive employing information this early morning with the appointment of Joe Kraus, a basic partner at Alphabet’s undertaking arm GV and an present member of the bike- and scooter-sharing startup’s board of administrators, as its 1st main operating officer.
Kraus joined GV 12 several years ago from the Google -obtained computer software startup JotSpot, wherever he served as the main executive officer from 2003 to 2006. Prior to that, he co-established Excite, an early web look for motor.
Before this year, Kraus aided lead GV’s first investment in Lime. In joining the company’s C-suite, Kraus will relinquish his board seat to yet another GV lover, as nicely as his GP title at the company. He will stay on as a enterprise lover and will maintain his current board seats, for each Bloomberg. Kraus is also on the board of Peerspace, a market for booking space for functions, and fintech startup Spruce Finance, amongst some others. In his tenure at GV, he’s backed startups together with Modsy, ClassPass, KeepTruckin and HomeAway.
San Francisco-centered Lime, valued at extra than $1 billion, introduced on former Uber chief small business officer David Richter just previous 7 days as its first-ever main company officer. The firm is filling up its C-suite as it gears up to increase its portfolio of micro-mobility solutions into car or truck-sharing.
Much more news will inevitably arrive from Lime before long as the organization is reported to be fundraising at a $3 billion valuation. Launched in 2017, the startup has elevated a overall of $467 million to day from GV, Andreessen Horowitz, IVP, Portion 32, GGV Capital and additional.
Amid other projects in the will work, Lime is organizing a start of brick-and-mortar scooter lifestyle suppliers in the U.S., beginning with Santa Monica, California, the headquarters of its most significant competitor, e-scooter startup Chook. Meanwhile, Lime, which has recorded 11.5 million rides as of September, is actively growing in the U.S. and abroad.