Loading organizations...
Bikmo is a specialist insurtech company based in Chester, United Kingdom, that provides insurance coverage and embedded API solutions for cyclists and e-mobility riders. Operating as a Managing General Agent, the certified B Corporation delivers direct-to-consumer policies covering theft, accidental damage, and liability, alongside business-to-business integrations at the retail point of sale. The platform protects a user base of over 75,000 active riders across the United Kingdom, Ireland, Germany, and Austria, supported by a workforce of 51 to 200 employees. To accelerate its European market expansion and micromobility focus, Bikmo secured £3.4 million in Series A funding backed by lead investors Puma Private Equity and Hiscox. The firm generates additional revenue through strategic commercial partnerships with recognizable industry brands, including British Cycling, Brompton, and Deliveroo. The organization was founded in 2014 by David George.
Bikmo has raised $12.5M across 3 funding rounds.
Bikmo has raised $12.5M in total across 3 funding rounds.
Bikmo has raised $12.5M across 3 funding rounds. Most recently, it raised $6.4M Other Equity in December 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 16, 2024 | $6.4M Venture Round | Kelvin Reader | — | Announced |
| Oct 20, 2023 | $4.1M Series A Plus | Puma Private Equity | — | Announced |
| May 1, 2020 | $2M Series A | Development Bank OF Wales | Albion VC, Credo Ventures, Playfair Capital, Techstart Ventures, Calum Forsyth, Will Brooks, Will Martin | Announced |
Bikmo has raised $12.5M in total across 3 funding rounds.
Bikmo's investors include Kelvin Reader, Puma Private Equity, Development Bank of Wales, Albion VC, Credo Ventures, Playfair Capital, Techstart Ventures, Calum Forsyth, Will Brooks, Will Martin.
Bikmo is a technology-driven specialist insurance company focused on protecting cyclists and e-mobility riders globally. It builds simple, comprehensive insurance products designed to cover a wide range of riders and uses technology to provide an easy, 24/7 digital experience for purchasing and managing policies. Serving over 75,000 riders across multiple European countries, Bikmo addresses the problem of accessible, rider-focused insurance while fostering a community ethos and environmental stewardship. The company has demonstrated strong growth momentum through geographic expansion, strategic partnerships with cycling brands like Brompton and Trek, and a remote-first, purpose-driven culture[1][2][3].
Founded in 2014, Bikmo initially started as a bike and kit comparison engine before pivoting to insurance, leveraging deep cycling sector expertise and technology to enhance customer experience. The idea emerged from a passion for cycling and a desire to enable riders to spend more time riding with peace of mind. Early traction included selling policies directly from day one at cycling events, supported by a growing community and network within the cycling world[1][2].
Bikmo rides the growing trend of niche insurtech companies leveraging technology to serve specific communities with tailored products. The timing is favorable due to increasing urban cycling, e-mobility adoption, and demand for sustainable transport solutions. Market forces such as rising awareness of cycling safety, environmental concerns, and digital insurance adoption support Bikmo’s growth. By integrating technology with community engagement and environmental responsibility, Bikmo influences the broader ecosystem by promoting safer, more accessible cycling infrastructure and sustainable mobility[1][2][4][6].
Bikmo is poised to continue expanding geographically, particularly into new European markets like Italy and France, while deepening existing partnerships. Trends shaping its journey include the rise of e-mobility, digital insurance innovation, and growing consumer demand for purpose-driven brands. Bikmo’s influence is likely to grow as it balances technology, community, and sustainability, potentially setting new standards for specialized insurtech companies focused on active lifestyles and environmental impact[2][3]. This aligns with its mission to protect riders and the places they ride, enabling more people to enjoy cycling safely and sustainably.
