Startups

Online marketplace for pre-owned bikes.

Summary

Seedtable Score
  • 59
Locations
Company Size
  • 11 to 50 employees
Last Stage Round
  • Series A

Insights

This section hypothesizes why Buycycle can be a $10 billion dollar company in 10 years, in 10 lines or less.


Buycycle, based in Munich, shows significant potential as an online marketplace for pre-owned bikes. By focusing on bicycles, it offers a more tailored and trustworthy experience compared to local classifieds, second-hand bike shops, and general online marketplaces. This specialization can build a strong brand reputation for quality and reliability. Using a B2C model, Buycycle connects directly with sellers and buyers, potentially reducing costs and expanding reach. Supported by investors like Blossom Capital, Buycycle is well-positioned to capture a growing segment of the e-commerce market in the mobility and transportation space, provided it effectively addresses user pain points and maintains high customer service standards.

Total funding Amount

$25M

Fundraising History

  • Feb 20 '24 Series A
    $22M

Investors

  • Blossom Capital
    Series A