About buycycle
buycycle is a company based in Munchen (Germany) founded in 2021 by Jonas Jager and Theodor Golditchuk.. buycycle has raised $24.82 million across 2 funding rounds from investors including Blossom Capital and Cherry Ventures. buycycle operates in a competitive market with competitors including Copart, Deutsche Post Fleet, kickdown and Oldtimer-4You, among others.
- Headquarter Munchen, Germany
- Founders Jonas Jager, Theodor Golditchuk
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.82 M (USD)
in 2 rounds
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Latest Funding Round
$21.55 M (USD), Series A
Feb 20, 2024
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Investors
Blossom Capital
& 1 more
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Employee Count
Employee Count
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Funding Insights of buycycle
buycycle has successfully raised a total of $24.82M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $21.55 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $21.6M
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First Round
First Round
(01 Jul 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - buycycle | Valuation | Blossom Capital |
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| Jul, 2023 | Amount | Seed - buycycle | Valuation | Cherry Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in buycycle
buycycle has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Blossom Capital and Cherry Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made by Blossom Capital in technology sectors.
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Founded Year | Domain | Location | |
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Provider of early-stage venture capital funding for European technology companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by buycycle
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - buycycle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Buycycle Comparisons
Competitors of buycycle
buycycle operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Copart, Deutsche Post Fleet, kickdown and Oldtimer-4You, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Pre-owned postal vehicles are refurbished and auctioned online.
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| domain | founded_year | HQ Location |
Second-hand vehicles are bought and sold via an online marketplace.
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| domain | founded_year | HQ Location |
Marketplace for oldtimers, classifieds, rentals, and automotive events.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about buycycle
When was buycycle founded?
buycycle was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is buycycle located?
buycycle is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is buycycle a funded company?
buycycle is a funded company, having raised a total of $24.82M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.27M, raised on Jul 01, 2023.
What does buycycle do?
Buycycle was founded in 2021 in Munich, Germany, as an online marketplace in the cycling sector. Used road bikes, gravel bikes, and mountain bikes from various brands are bought and sold through the platform. Discounted prices are available, along with buyer protection and shipping services. Operations focus on facilitating secure transactions for users across Europe.
Who are the top competitors of buycycle?
buycycle's top competitors include Copart, Deutsche Post Fleet and kickdown.
Who are buycycle's investors?
buycycle has 2 investors. Key investors include Blossom Capital, and Cherry Ventures.