The seed round was backed by Sir Rod Aldridge and Eddie Jordan to support product development and international growth.
"We also devoted a lot of time to both the functionality and design of our bike, aesthetically upgrading the utilitarian style of the traditional exercise bike. The support from our investors will allow us to advance our growth, expand our product offering, and enable us to innovate even further."
The company secured capital led by The FSE Group to scale its protective cycle wear business.
"It was a real pleasure to work with Chris and the team. Being a regular road cyclist myself, I could immediately see the appeal of ArmaUrto’s high-quality products that address a clear market gap. Road cycling is a ‘hot sector’ for investment and Cornwall is becoming known as a popular location for a number of top cycling brands. We’re excited to be supporting ArmaUrto’s high-calibre management team on their journey."
Gabriel Investment Syndicate led the seed round to help take the company's technology worldwide.
"Our mission is to change the fitness tracking market for the better, by making professional running laboratory-grade technology accessible to all runners. In doing so, we’ll help people both improve their running and lessen the risk of injuries."
The sports training technology firm has raised a six-figure sum to scale its operations internationally.
"We have created truly game-changing technology here, which has the potential to improve the performance of sports players of every level right across the world. In professionals of the highest standard, the ability to save crucial milliseconds, ounces or millimetres on their performance can be absolutely career-changing, and Okkulo has developed the means for them to do that,"