Circularity Capital has continued to build its portfolio of European growth stage businesses enabling the circular economy, by leading a £16.75 million growth capital round in children’s cycle subscription service Bike Club.
Founded in 2016 by James Symes and Alexandra Rico-Lloyd, Bike Club is revolutionising the cycle industry by offering families the chance to subscribe to new or refurbished bikes and scooters online and exchange them as their child grows. Already the largest bike subscription scheme in the UK, the business has ambitions to expand into Germany and France within the next 24 months.
Circularity Capital will play an active role in supporting the Bike Club management team as the company accelerates its European growth. Investment team members David Mowat and Arjune Shukla have joined the Board.