# Bikmo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bikmo

- Industry: Insurance
- Headquarters: Flintshire, UK
- Website: www.bikmo.com/
- Total disclosed funding: $5.4M
- Latest round: Series A (Oct 12, 2023)
- Investors on record: 3

## About

Bikmo Limited, based in the UK, offers tailored insurance solutions for cyclists, ensuring comprehensive protection for bicycles and eBikes against theft, damage, and other unforeseen incidents.Founded in 2012 and headquartered in Flintshire, UK, Bikmo Limited specializes in cycle insurance, offering coverage for both amateur and professional cyclists. The company has raised a total of GBP 4.75 million across 4 funding rounds, with the most recent funding round completed on December 16, 2024, led by Puma Growth Partners. The CEO, David George, has a background in entrepreneurial ventures and continues to drive the company’s strategic direction.Bikmo specializes in providing comprehensive cycle insurance tailored specifically for cyclists. Their core offerings include coverage for bicycles and eBikes against theft, accidental damage, and vandalism, ensuring that both the rider and the bike are protected at home and while on the move. Additional features of their insurance policies include clothing and accessory coverage, event fee reimbursement, and personal accident support, which collectively aim to deliver financial security in the event of injury or loss. The policies are designed for a diverse client base, ranging from casual cyclists to competitive riders, and they operate in key markets across the United Kingdom, Germany, Ireland, Austria, Switzerland, and more. Bikmo's products are accessible to a wide range of cyclists, regardless of bike age, brand, or model, further enhancing their market appeal.Bikmo operates on a subscription-based revenue model, with customers paying a monthly premium for their cycle insurance coverage. The starting price for their policies is GBP 3.73 per month, which varies depending on the insured value of the bicycle and additional features chosen by the customer. The company benefits from a multi-bike discount structure, offering 50% off for additional bikes under the same household, and a 25% discount on e-bikes. Revenue is generated directly from individual consumers who purchase these insurance policies, with transactions typically processed through the company's online platform. This approach allows for straightforward management of client accounts and policy adjustments, thereby streamlining the customer experience.In December 2024, Bikmo Limited raised GBP 4.75 million in growth funding led by returning investor Puma Investments. This funding will be used to support expansion across Europe, enhance sales and leasing efforts, broaden commercial channels, and strengthen its partner network. The company plans to launch new products and expand into additional markets by utilizing the recent capital injection.

## Funding rounds

- Series A, Oct 12, 2023, $3.6M — Puma Investments
- Series A, Mar 25, 2020, $1.7M — Development Bank of Wales, Hiscox

## Investors

- Development Bank of Wales (https://capitalatlas.ai/funds/development-bank-of-wales) — Series A
- Hiscox — Series A
- Puma Investments (https://capitalatlas.ai/funds/puma-investments) — Series A