Beringea invests £2.4m in Cycle Exchange to accelerate growth of premium pre-owned bike platform

Beringea invests in Cycle Exchange to accelerate growth, scaling presence throughout the UK

Beringea, a transatlantic venture capital business, has invested £2.4m in the UK’s leading resale platform for premium pre-owned bikes – Cycle Exchange. The funding will enable Cycle Exchange to scale its UK presence, expand its refurbishment and servicing operations, and enhance its technology platforms. Cycle Exchange was founded by avid cyclist Matt Connelley, who had become frustrated by the lack of a reliable destination to buy pre-owned pr…

Beringea invests £2.4m in Cycle Exchange to accelerate growth of premium pre-owned bike platform

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Beringea, the transatlantic venture capital investor, has invested £2.4m in Cycle Exchange, the UK’s leading resale platform for premium pre-owned bikes. The funding will enable Cycle Exchange to scale its UK presence, expand its refurbishment and servicing operations, and enhance its technology platforms. C…