Belgium-based Classified Cycling raises €22M to commercialise its drivetrain for the cycling industry
Summary
Antwerp-based Classified Cycling, a company that claims to be developing “innovative” technology for the cycling industry, announced on Thursday that it has raised €22M in a fresh round of funding. The round was led by Active Partners, the investor behind well-known cycling brands Rapha and Evans Cycles. Nick Evans, Managing Partner at Active Partners, Chairman of Rapha and former Executive Chairman of Evans Cycles, will join the Classified board.
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