Claure’s Bicycle Capital Makes First Startup Investment

Marcelo Claure, the former SoftBank Group Corp. executive, made a first investment in his recently launched venture capital fund Bicycle Capital, helping to fund a Brazilian motorcycle rental startup.

Bicycle, which includes Claure’s former SoftBank executive Shu Nyatta, took part in a $50 million Series C round for Mottu that was co-led by QED and had participation by Endeavor Catalyst and Caravela Capital, Claure said in a LinkedIn post.

“Bicycle Capital is thrilled to announce our inaugural investment in Mottu, a motorcycle rental company dedicated to empowering gig economy professionals,” he wrote. “Mottu is playing a ...