Bikebook Secures £205k Funding Round for International Expansion
Bikebook, the innovative workshop management platform for bike shops, has successfully raised £205,000 in their latest funding round. This investment will fuel the company's international expansion and support the final development stages of its comprehensive workshop software package.
South East Angels originally backed the two local founders, Jake Fieldsend and Ryan Elson, back in 2023, and we’re pleased to see their continued growth and success since then.
Endorsed by Industry Leaders
In a major milestone since our initial investment, Bikebook has become the only software officially endorsed by the Association of Cycle Traders (ACT), the largest cycle trade organization in the UK. This endorsement underscores the platform's value and effectiveness in the bicycle retail sector.
International Growth
Bikebook's expansion beyond the UK market has been remarkable, with bike shops now using the platform in Australia, the United States, and Germany. This new funding will accelerate the company's international growth strategy, bringing its streamlined solution to more markets worldwide.
Empowering Bike Shops Globally
Bikebook offers an all-in-one, streamlined solution for bike shops and mechanics, enabling them to professionalize their business, boost growth, and streamline operations. The platform consolidates various aspects of bike shop management, from inventory to invoicing, eliminating inefficient processes. Its versatility allows it to be tailored to bike shops of any size.
Looking Ahead
With this follow-on funding, Bikebook plans to expand its team and increase its rate of international expansion. The company will also focus on finalizing the development of its workshop software package, further enhancing its offerings to the global cycling industry.
This latest round of funding marks a significant step forward for Bikebook and reinforces its position as a leading innovator in the bike retail tech space.
