User:SageMint/sandbox/The Bike Club
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| Company type | Private |
|---|---|
| Industry | Bicycle Rental |
| Founded | 2016 |
| Founders | |
| Headquarters | |
Area served | United Kingdom |
| Website | thebikeclub |
The Bike Club is a British online bicycle rental company. It delivers bicycles to customers with children aged between one and fourteen, and allows them to exchange the bicycles for a larger size when their children grow out of the bicycles.[1] Returned bicycles are refurbished and sent to other customers. The company is regulated by the Financial Conduct Authority.[2]
The company was founded in 2016 by a couple from London, James Symes, a former KPMG accountant, and Alexandra Rico-Lloyd, a former employee of the Mayor of London. The company raised £1 million in seed funding in January 2019, in a funding round led by Mike Balfour, founder of Fitness First.[3] In March 2020, it raised £614,000 through a crowdfunding campaign on Crowdcube, before raising a further £5.7 million in September 2020.[4][5]
References
[edit]- ^ "Bike Club: Pay-as-you-grow scheme for kids' bikes". road.cc. 2016-04-28. Retrieved 2020-05-30.
- ^ "Leasing a kids bike - everything you need to know to get started". Cycle Sprog. 2017-09-13. Retrieved 2020-05-30.
- ^ "Bike Club raises £1m in Seed Finance – UK Tech Investment News". 2019-06-05. Retrieved 2020-05-29.
{{cite web}}: CS1 maint: url-status (link) - ^ "The Bike Club limited Overview". Crowdcube. Retrieved 2020-05-30.
- ^ Reid, Carlton. "The Bike Club Secures £5.7 Million To Expand Children's Bicycle Subscription Service". Forbes. Retrieved 2020-10-08.