Pedalling Forth Limited (T/A VeloVixen), an Oxfordshire, UK-based retailer of cycle clothing and accessories geared exclusively towards the female rider, received a six figure sum from Chelverton Asset Management Limited.
The entire amount of the deal was not disclosed.
The company will use the funds to launch in 2018 its first own-brand products, as well as focus on exporting them.
Founded by cycling enthusiasts Phil and Liz Bingham, VeloVixen provides women’s cycling kits and other products.
FinSMEs
16/04/2018