The investment will support international growth and a relocation of the UK headquarters to Flintshire.
"We are here to support people's active lifestyles, and we want riders to know that we can cover them, plus their bike and equipment, whether on road or trail. This investment will enable us to grow and support the recreational riders as we always have, plus the new riders we can all see rediscovering the freedom and utility of riding a bike in the fresh air."
DSW Angels led the Series A round to support platform development and business expansion.
"The last few years have been incredibly exciting for us. This new investment will enable us to further build a stable and scalable platform for growth. Our customer-first approach means that people trust us and come back year after year. We now serve thousands of students, young professionals, families and others with our all in one service. Dale and I are excited about the next stage of growth which will include expanding the team based in Newcastle."
QVentures has led a new investment round in household food waste application Kitche.
"We created Kitche after a conversation with friends in the park about real-life problems with home food waste. We are excited to take Kitche to the next phase with the help of the QVentures investment."