Lime hires its first CFO

NelsonG · February 21, 2019

Lime is hiring Ted Tobiason, former managing director in tech equity capital markets at Morgan Stanley, to serve as its chief financial officer.

This comes following Lime’s behemoth $310 million Series D round earlier this month. Led by Bain Capital Ventures, Andreessen Horowitz, Fidelity Ventures, GV and IVP, the round values Lime at $2.4 billion.

Lime, which got its beginnings as a bike-share company, has deployed its scooters and bikes in more than 100 cities in the U.S. and 27 international cities. Since June, Lime has more than doubled the number of cities where it operates in the U.S. Lime has also partnered with Uber to offer Lime scooters within the Uber app.

Additionally, Lime recently brought on Nancy Lee, formerly of Google, to lead its human resources efforts as chief human resources officer. Lee formerly worked at Google as its head of diversity. She retired from the company in December 2016, but has since found a new home with Lime.

“During her tenure at Google, Nancy played a key role in encouraging Google to disclose its diversity demographic data publicly,” Lime wrote in a blog post. “Her commitment to inclusion and transparency will be instrumental in leading Lime’s cross-cultural team throughout 2019 and beyond.”

Lime has been on a hiring spree as of late, filling out the ranks in its executive team. Earlier this month, Lime appointed its head of engineering, Li Fan, to CTO and hired Duke Stump, formerly of Lululemon, to serve as its CMO.

“Both Ted and Nancy have outstanding experience at companies that have scaled from small to large,” Lime CEO Toby Sun said in a statement. “With their leadership, we’re excited to take Lime to the next level in building a world-class business and people-first company.”