Sports Components AG, operating under the milKit brand, designs and sells products to simplify installation and handling of tubeless bicycle tires. Its product line includes tire sealant (Dichtmilch), specialized valves, and inflation/inflation-aid tools. Since market entry six years ago the company has steadily expanded its offerings and positioned itself internationally as a maker of highly innovative, high‑quality products. Thanks to European production its products remained available during the COVID crisis, and the company reports having more than doubled revenue in each of the past several years. A CHF1.5M growth financing via a capital increase is intended to help milKit capitalise on the current cycling boom and further build brand awareness. Management has also strengthened the board with industry and marketing experts to support M&A, fundraising and digital sales efforts. Sport Components AG, founded by Pius Kobler and Sven Rizzotti, develops milKit products to make Tubeless tyre installation and upkeep easier. After 18 months of development and testing, the company has launched its first milKit products in online retail. The founders intend to make tubeless technology the market standard and plan to develop additional innovative products for the wider sports market. The startup has filed further patents to protect its innovations. Sport Components benefited from customer validation via a successful Indiegogo campaign and positive feedback from industry partners and entrepreneurs. Financially, the company secured $30,000 from 600 backers and received CHF130,000 in start capital from Venture Kick.

Total raised

$136M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2021