According to TC, LimeBike has raised $12 million in venture funding to make Chinese-style bike sharing mainstream in the U.S. Andreessen Horowitz led the round, joined by IDG Ventures, DCM Ventures and other investors.

LimeBike is a bike-sharing company. Whether you are headed to work, class, or back from a late night out, find a LimeBike within blocks (in partner cities and campuses) and get there for a fraction of the price of an Uber.