Antwerp-based Classified Cycling, a company that claims to be developing “innovative” technology for the cycling industry, announced on Thursday that it has raised €22M in a fresh round of funding.
The round was led by Active Partners, the investor behind well-known cycling brands Rapha and Evans Cycles. Nick Evans, Managing Partner at Active Partners, Chairman of Rapha and former Executive Chairman of Evans Cycles, will join the Classified board.
The round also saw participation from existing investor Bridford Investments Limited. Olympic and World Champion riders, Tom Boonen, Anna Van der Breggen, Andre Greipel, and Marcel Kittel also joined the round
Innovative drivetrain products for the cycling industry
Drivetrain and transmission systems, the components of a bike that transfer power to the wheels, are an area ready for new technology. Classified Cycling claims that it is leading in this area, using deep technology expertise to transform the riding experience and performance for all cyclists.