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The round brings the Israeli startup's total funding to about $23.5M, an amount raised over the two plus years since its founding in summer 2006.
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The company's last funding was an undisclosed amount raised in September.
Loans were mostly used to fund its construction, with a small amount raised through donations and council land sales.
This post has been updated with a total amount raised, provided by the fraternity's vice president Charlie Temkin.
Online marketing platform SocialChorus has closed $2.5 million in Series A funding, bringing its total amount raised so far to $8 million.
Thomson Reuters and the National Venture Capital Association (NVCA) have a different set of data that actually show a decrease in the amount raised by U.S. venture firms in Q1.
"In early September, we'll lay a foundation with the amount raised so far for all to see how their money has been spent.
London even has a slightly higher median amount raised already – $43m vs $40m.
If the project is successfully funded, the lead receives a small percentage, usually 2%, of the total amount raised as a service fee.
Ofo claims that this is the largest amount raised in a round by a bike-sharing company so far.
The amount raised is a healthy sum for a campaign that has been running, for the most part, on a shoestring budget.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com