bikeZaar secures angel investment from Gareth Mobley and Olympic triathletes Alistair and Jonny Brownlee.
The round was led by Gareth Mobley with participation from Alistair and Jonny Brownlee.
bikeZaar operates an online marketplace connecting cyclists and triathletes with high street bike shops, leading brands and service providers. The platform aggregates offline inventory from retail stores and warehouses to help customers find and buy cycling products.
bikeZaar has secured angel investment from high-profile backers including Gareth Mobley and Olympic triathletes Alistair and Jonny Brownlee. The funding will support the company as it looks to scale its online marketplace platform and expand its reach globally. Mobley and Alistair Brownlee will also join the board as non-executive directors.
The platform integrates digital tools with traditional retail to help local bike shops compete in e-commerce by aggregating offline inventory from warehouses and stores. With backing from sector experts, the business aims to capitalise on the growing shift towards marketplace models in retail.
From the founder
"We are delighted to receive this investment and are very grateful to Alistair and Jonny Brownlee for their support. bikeZaar is all about collaboration and we feel we've connected with experts who share our ethos and want to support local retailers by combining tradition and technology,"
Kevin Griffiths
Founder at bikeZaar
Investor perspective
"bikeZaar is a highly innovative company with an advanced, globally scalable, leading edge online marketplace platform,"
Gareth Mobley
Owner, Gareth Mobley
Use of funds
- 01Expand into international markets