Canyon Bicycles

Koblenz, Germany Founded: 1996 • Age: 30 yrs Acquired By GBL
High-performance bicycles are designed and manufactured for various riding disciplines.
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About Canyon Bicycles

Canyon Bicycles is a company based in Koblenz (Germany) founded in 1996 was acquired by GBL in December 2020.. Canyon Bicycles has raised $30 million across 2 funding rounds from investors including HyperIce, LRMR Ventures and SC Holdings. The company has 45 employees as of December 31, 2022. Canyon Bicycles offers products and services including Bicycles and Accessories.

  • Headquarter Koblenz, Germany
  • Employees 45 as on 31 Dec, 2022
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Canyon Bicycles Gmbh
Operational Areas
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $30 M (USD)

    in 2 rounds

  • Latest Funding Round
    $30 M (USD), Series B

    Jun 29, 2022

  • Investors
    HyperIce

    & 7 more

  • Employee Count
    45

    as on Dec 31, 2022

  • Acquired by
    GBL

    (Dec 15, 2020)

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Products & Services of Canyon Bicycles

Canyon Bicycles offers a comprehensive portfolio of products and services, including Bicycles and Accessories. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Bicycles are manufactured and distributed for recreational and professional uses across global markets

Accessories are provided to support cycling activities, including items that are made available through various regional channels

Funding Insights of Canyon Bicycles

Canyon Bicycles has successfully raised a total of $30M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in June 2022. 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 Rounds 2
  • Last Round Series B — $30.0M
  • First Round
  • Investors Count 7
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2022 Amount Series B - Canyon Bicycles Valuation LeBron James
Jun, 2016 Amount Private Equity Round - Canyon Bicycles Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Canyon Bicycles

Canyon Bicycles has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include HyperIce, LRMR Ventures and SC Holdings. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
A private equity and strategic advisory firm is operated.
Founded Year Domain Location
Consumer-focused investing in various sectors including Food and Beverage and Health and Wellness.
Founded Year Domain Location
Limited information is provided about LRMR Ventures' activities.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Canyon Bicycles

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Canyon Bicycles

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Canyon Bicycles Comparisons

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Competitors of Canyon Bicycles

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Canyon Bicycles

Frequently Asked Questions about Canyon Bicycles

When was Canyon Bicycles founded?

Canyon Bicycles was founded in 1996 and raised its 1st funding round 20 years after it was founded.

Where is Canyon Bicycles located?

Canyon Bicycles is headquartered in Koblenz, Germany. It is registered at Koblenz, Rheinland-pfalz, Germany.

Who is the current CEO of Canyon Bicycles?

Lothar Arnold is the current CEO of Canyon Bicycles.

Is Canyon Bicycles a funded company?

Canyon Bicycles is a funded company, having raised a total of $30M across 2 funding rounds to date.

How many employees does Canyon Bicycles have?

As of Dec 31, 2022, the latest employee count at Canyon Bicycles is 45.

What does Canyon Bicycles do?

Canyon Bicycles was founded in 1996 in Koblenz, Germany, and operates within the bicycle manufacturing sector. Lightweight and durable bicycles are produced using premium materials and advanced technology. Models are created to suit different rider preferences and needs across multiple disciplines. Emphasis is placed on quality control throughout the manufacturing process. Offerings are distributed through the companys domain, canyon.com.

What products or services does Canyon Bicycles offer?

Canyon Bicycles offers Bicycles and Accessories.

Who are Canyon Bicycles's investors?

Canyon Bicycles has 8 investors. Key investors include HyperIce, LRMR Ventures, SC Holdings, AG1, and LeBron James.

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