Bike Club secures £16.8m in Series B funding led by Circularity Capital to expand operations.
The funding round was led by Circularity Capital and will support expansion into international markets.
Bike Club operates a subscription service for children bicycles, allowing families to rent and exchange bikes as children grow. The company focuses on sustainability and circular economy principles within the cycling market.
Bike Club has secured £16.8m in Series B funding to support expansion across the national and European markets. The investment was led by Circularity Capital, with participation from Codex Capital. The company provides a subscription model for children bicycles, aiming to reduce waste and offer a sustainable alternative to traditional ownership. The fresh capital will help increase the active fleet and subscriber base over the coming years.
Investor perspective
"As society faces climate change, we should work together to consume better, meaning we should rent better things and refurbish them. This is exactly the option Bike Club gives tens of thousands of families across the UK."
David Mowat
Partner, Circularity Capital
Use of funds
- 01Expand into international markets