Mate Bikes is a small brother-and-sister company based in Copenhagen that has raised over $12 million on Indiegogo since 2016. First they collected $6.8 million for the skinny original. Now they’ve raised close to $6 million more for the beefier Mate X, a laughable 11,785 percent beyond its funding goal with five days still to go in the Indiegogo campaign. Mate Bikes has no outside investors although that’s likely to change soon, the company tells me.

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