Cycle Exchange, the UK’s leading resale platform for premium pre-owned bikes, has raised £2.4 million to accelerate its next phase of growth.

Founded by passionate cyclist Matt Connelley to offer a trusted destination for high-spec pre-owned bikes, the business now provides a range of refurbished road, gravel and mountain bikes, plus parts and accessories, both online and through its South West London hub and growing network of partner outlets.

The new funding will enable the business to scale its UK footprint, expand refurbishment and servicing capacity, as well as invest in its technology platform to streamline procurement and optimise pricing.