Tag Archives: investment

Puma Private Equity has invested a further £5.5 million into premium cycling performance brand Le Col, to support its long-term growth trajectory. Yanto Barker, founder of Le Col, said: “Le Col has always been agile and fleet of foot – constantly exploring new ways of doing things. This is a …

Telemos Capital has announced the signing of a binding agreement to acquire a majority stake in Vittoria. Telemos will invest alongside Vittoria’s senior management team and Wise Equity, aiming to build on the company’s leadership position in performance tyres and accelerate Vittoria’s growth globally. Founded in 1953, Vittoria produces bicycle tyres …

UTurn Investments has invested in 3T, to support the continued strong growth of the Italian bike company. UTurn Investments is an independent family office founded by Gianpiero Peron, Luca Mongodi and Alberto Nicoli. Rene Wiertz, founder and CEO of 3T, said: “We are happy that after an intense process with …

Belgium-based Classified Cycling has closed a funding round of €22 million led by Active Partners, the investors behind cycling brands Rapha and Evans Cycles. Existing investor Bridford Investments Limited is continuing to support Classified by participating in the round. The company’s investors include Olympic and World Champion riders, Tom Boonen, …

Spoon Group Ltd has successfully closed a funding round totalling £740,000. After a private round brought in almost £300,000 in new investment, long-term debt partner and institutional investor FSE Group stepped in with matched funding through its Enterprise M3 initiative, bringing the total raised to £740,000 and valuing the bike …

Canyon has announced a strategic equity investment led by LRMR Ventures, the office of LeBron James and Maverick Carter, and SC Holdings, a US-based private equity firm. The new investors will join the company’s existing shareholders, including majority holder Groupe Bruxelles Lambert (GBL) and founder Roman Arnold to support Canyon’s …

Global sports technology platform Endurance Zone has secured funding from serial entrepreneur and investor, David Sear. Endurance Zone will use the cash injection to accelerate growth of its white-label rewards and data platform which is geared around driving customer engagement and retention for sports-related organisations. Its plans focus particularly on …

Intra Drive has set out on the next phase of bringing its innovative e-bike motor/gearbox to market. The company will be displaying its latest powertrain technology at this week’s Eurobike, which kicks off Wednesday, 13th July, in Hall 8.0, Stand G34. Orange Bike (12.0 / D23) will be displaying a …

Laka has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG. This brings its Series A, led by Autotech Ventures and followed by Ponooc, a Dutch sustainable mobility investor with close ties to Pon, and ABN AMRO, to $13.5 million. Laka said it will use the …

Kid’s bike subscription service Bike Club is gearing up for national and European expansion after closing £16.75 million in new investment. The Bike Club, which is chaired by Mike Balfour OBE, founder of Fitness First, has now received this cash injection as part of a Series B funding round. Leading …