Bikmo funding news – Cycle Insurer Bikmo has Secured an Additional £4.75 Million in Growth Funding

The company has a remote team of 55 people spread across 10 countries, all united by a love for cycling. Along with the funding, it announced several new key partnerships.

According to David George, CEO at Bikmo: “With fresh global experience in our new leadership talent and strong partnerships with the likes of Cycling UK, the ACT and Trek, we’re setting ourselves up to deliver even more value to cyclists and bike businesses, making insurance simpler and more accessible for everyone who loves to ride.”

It also announced the appointment of Steven Mendel, former CEO and co-founder of ManyPets, as Chair (pending FCA approval). Earlier this year, Ben Thompson, former Director of Global Business Development at Komoot, joined as Chief Growth Officer, and Gemma Germains, previously Canyon’s Global Head of Digital Experience Design, is now the Chief Experience Officer.

Read also - Alstin Capital funding news – Munich-based Alstin Capital has Secured €175 Million in Funding

Kelvin Reader, Investment Director at Puma Growth Partners, shared that the investment will help Bikmo accelerate growth across Europe, secure new partnerships and expand its commercial insurance offerings: “It also marks our ongoing commitment to support companies based in the North West. Having set up a Manchester office to expand our presence in the North headed up by Investment Director, Mark Lyons, we continue to be excited by the quality of the scale-up businesses developing within the region.”

About Bikmo

Bikmo is an award-winning bike insurance company focused on protecting riders and the places they ride. They offer simple, comprehensive insurance policies for all types of riders and use technology to make buying and managing a Bikmo policy easy and accessible, 24/7.