Bikmo provides comprehensive insurance cover for bikes, gear and cyclists across the UK, Ireland, Germany and Austria. The company operates a remote team of 55 people spanning 10 countries. Its core product is consumer and commercial insurance for cyclists and bike businesses, and it is expanding its commercial insurance offerings. Bikmo announced several new partnerships with Cycling UK, the ACT and Trek. The company has also set up a Manchester office to expand its presence in the North. Recent leadership additions include Ben Thompson as Chief Growth Officer and Gemma Germains as Chief Experience Officer, and Steven Mendel was appointed Chair subject to FCA approval. The business says it will use new funding to accelerate growth across Europe and secure further partnerships. Bikmo is a UK specialist bike insurer that protects over 75,000 riders across the UK, Ireland, Germany and Austria. The company offers individual and commercial insurance, including cover for partners such as Deliveroo, and provides add-ons like legal protection and breakdown assistance. Bikmo's newly developed API technology enables embedded insurance solutions through retail, manufacturing and other partners to integrate insurance into customer journeys. This API is designed to maximise conversions by allowing insurance to be purchased as part of another product or service transaction. The company plans to use the funding to accelerate growth in the UK and Europe, investing in people and technology to support its rider base and partners. Bikmo is positioning for expansion across European markets while continuing to support its existing customers and commercial clients. Bikmo is an award-winning adventure sports and cycle insurance provider founded in 2014. It uses innovative technology to offer comprehensive cover for riders, bikes and equipment on road and trail. The company supports over 15,000 active policy holders and employs a team of around 30 staff. Bikmo has offices in Innsbruck, Austria, and plans to relocate its UK head office to Flintshire when COVID-19 restrictions allow. The £1.8m Series A will be used to support global growth, including increased investment in the UK, Ireland, Germany and Austria. Part of the Development Bank of Wales support includes a £1m equity and loan package enabling Bikmo to move into new premises in Flintshire.

Total raised

$13M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2024