Damon Motorcycles raises $2.5 mln in Round 13-led seed deal
Vancouver-based two-wheel technology company Damon Motorcycles has raised $2.5 million in a seed-stage financing. The round was led by Canadian growth-stage venture capital firm Round 13 Capital. It was joined by Techstars, Extreme Venture Partners and Pallasite Ventures. Founded in 2017 by CEO Jay Giraud and CTO Dom Kwong, Damon has developed an advanced warning system that uses sensor fusion, robotics and artificial intelligence to make motorcycling safer. Damon said manufacturers are evaluating the technology for factory integration. The funds raised will support further growth and product development.
4 June 2019•4 mins read
