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20th May 2020

Cycle insurer Bikmo raises £1.8M to support global cycling boom

Expert cycle insurance provider Bikmo has secured its first venture capital funding of £1.8 million (Series A funding). The investment is led by Development Bank of Wales, alongside specialist global insurer Hiscox plus existing and new angel investors.  Part of the £1 million equity and loan investment by the Development Bank of Wales is enabling Bikmo to move into new premises in Flintshire. The award-winning adventure sports insurance provider Bikmo also has offices in Innsbruck, Austria and will relocate the UK head office to Flintshire as soon as Covid-19 lockdown restrictions will allow.

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