# Tuvalum Sports SL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tuvalum-sports-sl

- Industry: Internet
- Headquarters: Valencia, Spain
- Website: www.tuvalum.com
- Total disclosed funding: $2.9M
- Latest round: Series A (Aug 17, 2022)
- Investors on record: 3

## About

Tuvalum Sports SL operates in the cycling industry, specializing in the refurbishment and sale of second-hand bicycles, specifically targeting environmentally-conscious consumers and cycling enthusiasts in Spain and Portugal.Founded in 2015 and headquartered in Valencia, Spain, Tuvalum Sports SL focuses on the sale of refurbished bicycles. The company has raised EUR 2.92 million in a Series A funding round as of August 2022, which values the firm at EUR 14.43 million. The funding was co-led by Athos Capital and Demium, with participation from DARUAN VC. Alejandro Ballester, one of the co-founders, serves as the CEO.Tuvalum specializes in the sale of refurbished second-hand bicycles, primarily targeting markets in Spain and Portugal. The company offers a diverse selection of bicycles, including road bikes, mountain bikes, gravel bikes, and electric bikes (E-Bikes). Each bicycle is thoroughly inspected and reconditioned, bearing the Tuvalum Certified seal, ensuring they meet high-quality standards. The company also allows trade-ins, enabling customers to exchange old bicycles for new purchases, thus improving accessibility to quality cycling products.For the year 2023, Tuvalum reported a revenue of EUR 4,319,495.40, alongside an EBITDA of EUR -723.10. The company generates revenue primarily through direct-to-consumer sales, utilizing various payment methods to facilitate a seamless purchasing experience, alongside promotional discounts and trade-in programs that create a dynamic marketplace.Following the EUR 2.92 million raised in Series A funding in August 2022, Tuvalum Sports SL plans to accelerate growth across Europe. The funding will support initiatives aimed at expanding their product offerings and enhancing market presence. Specific details on new products or additional market expansions have yet to be disclosed, but the strategic focus will be on leveraging the recent financial backing to reinforce their operational capacity.

## Funding rounds

- Series A, Aug 17, 2022, $2.9M — DARUAN VC, Athos Capital, Demium

## Investors

- DARUAN VC (https://capitalatlas.ai/funds/daruan-vc) — Series A
- Athos Capital (https://capitalatlas.ai/funds/athos-capital) — Series A
- Demium — Series A