The Pro's Closet operates as a destination for certified pre-owned bikes, e-bikes, and components, buying from manufacturers, retailers and individuals and selling throughout the US and Canada. Led by CEO John Levisay, the company emphasizes quality and assurances including a 141-point Certified Pre-Owned process, a 30-day return policy, Guaranteed Buyback, and transparent buying and selling programs. It is based in Boulder, CO. The company closed a $40m Series B to support growth. Proceeds are intended to grow operations and technology teams, expand its teams of bike experts, and facilitate physical expansion into new markets. The core product is the certified pre-owned marketplace and inspection process that combines inspection, returns, buyback guarantees and transparent programs to serve cyclists. The Pro's Closet is a Louisville, CO-based pre-owned cycling brand that operates a secondary marketplace for bikes and components. Founded in 2006 by CEO Nick Martin, the company lists road, mountain, gravel, cyclocross, triathlon, and e-bikes. It differentiates through programs such as Certified Pre-Owned, Guaranteed Buyback, and a Carbon Frame Warranty to drive customer loyalty. The company plans to expand operations and scale its business reach, including relocating its headquarters and operations to a 137,000 square foot facility in Louisville, CO. To support this transition and growth, Gregory Boucher joined as Vice President of Technology and is assembling a tech team. Financially, the company has raised more than $27M to date, including the recent $12M strategic round.

Total raised

$52M

Funding rounds

2

Latest round

Series B

Latest activity

May 2021