ArmaUrto completes a £300k funding round backed by regional investors.
The company secured capital led by The FSE Group to scale its protective cycle wear business.
Share allotment filed at Companies House
ArmaUrto designs and manufactures protective cycle wear incorporating impact protection technology for cyclists.
ArmaUrto has completed a £300k funding round to support its growth in the cycle wear market. The raise includes a £150k equity investment from the Cornwall & Isles of Scilly Investment Fund.
The financing was led by The FSE Group, which serves as the appointed fund manager for CIOSIF. Backing from regional economic programmes highlights the growing prominence of Cornwall as a hub for cycling brands.
Leadership at the British Business Bank and the CIOSIF Advisory Board noted the strength of the management team and the rising demand for specialised cycling apparel.
Investor perspective
"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."
Martin Macey
Fund Manager, The FSE Group