Cycle Exchange operates a single, trusted destination for cyclists to buy, sell, or part-exchange premium pre-owned bikes that have been professionally refurbished to ‘like-new’ condition. The company offers a curated selection of road, gravel, and mountain bikes, as well as parts and accessories, via its ecommerce platform, a state-of-the-art processing and retail facility in Kingston, London, and a growing network of partner stores across the UK. Its model combines expert refurbishment, transparent pricing, and data-driven procurement, which has fostered strong customer loyalty and driven both rapid growth and profitability. UK cyclists spend nearly £1 billion on bikes annually—about 80 % of that on high-end models—creating a large addressable market that Cycle Exchange is targeting. The firm’s quality-led approach has earned partnerships with brands such as Pinarello, Brompton, and British Cycling. With new funding, management plans to broaden the company’s national footprint, enlarge its refurbishment capacity, and upgrade its technology platform to streamline sourcing and optimize pricing. Founder and CEO Matt Connelley, an avid cyclist and former City professional, leads the team’s expansion ambitions.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2025