Brussels, 5 December 2022 | Simont Braun successfully assisted Active Partners in a funding round of €22 million in Classified Cycling, a Belgium-based company developing innovative technology for the cycling industry
Active Partners, a consumer-focused investment firm, took the lead and invested in a funding round of €22 million in Classified Cycling, a Belgium-based company developing innovative technology for the cycling industry.
Classified Cycling’s investors also include well-respected Olympic and World Champion riders, Tom Boonen, Anna Van der Breggen, Andre Greipel and Marcel Kittel.
Classified Cycling is disrupting the bike and e-bike markets with its Powershift technology, a patented wireless shifting system that provides the ultimate shifting experience for cyclists.
“Our firm is pleased to have contributed to this important funding to support the further development of a promising innovative product for the world of cycling,” comments Steven Callens, Partner at Simont Braun in Corporate and M&A and cycling enthusiast.
Simont Braun assisted Active Partners in the due diligence investigations, the review and negotiation of the transaction documentation.
You can read Active Partner’s Press Release here.