investment

NICA announces 2018 Corporate Booster Club members

BERKELEY, Calif. (BRAIN) — The National Interscholastic Cycling Association has announced new industry partnerships for 2018 through its Corporate Booster Club.

Omnibus spending package preserves funding for some bike-friendly projects

WASHINGTON (BRAIN) — The $1.2 trillion omnibus spending package that President Donald Trump signed Friday contained some good news for bike advocates, despite their concerns that Trump’s proposed budget would gut some of the programs.  The package includes $1.5 billion in funding for the  Transportation Investment Generating Economic Recovery (TIGER)  Program, which Trump’s budget would have eliminated.  TIGER funds multimodal transportation projects including programs that integrate bikes into the transportation system.  “PeopleForBikes has been advocating for TIGER funding for years, and we are thrilled to see these funds in the omnibus,” said Jenn Dice, PeopleForBikes’ vice president of business network. “TIGER funding has been a key focus of our industry fly-ins for the entirety of the program

The Pro’s Closet raises $9 million to fund expansion

BOULDER, Colo. (BRAIN) — The Pro’s Closet has completed a $9 million round of funding. The investment round was led by Boulder-based venture capital firm Foundry Group with participation from Ridgeline Ventures, an existing investor in TPC.

Ironman buys Competitor Group Holdings

TAMPA, Fla. (BRAIN) — Ironman, the owner of the Ironman triathlon brand and related holdings, has acquired Competitor Group Holdings, Inc., which owns the Rock ‘n’ Roll Marathon series and media titles including VeloNews , Women’s Running , Triathlete , and Competitor.

L.A. retailer’s crowdfunding campaign will expand the shop’s leather business

LOS ANGELES (BRAIN) – When it comes to retail, Chris Kelly has always been one to think outside the box. From closing his store, Topanga Creek Outpost, mid-week for staff and customer adventures, which he has dubbed ‘Unpredict your Wednesday’, to ditching products sold on Amazon more than five years ago, Kelly has spent the better part of his career working to set his shop apart from the rest

Will Fripp joins Shift Active Media as brand director

BATH, U.K. (BRAIN) — Shift Active Media, which operates the Global Cycling Network and Global Mountain Bike Network YouTube channels, has hired Will Fripp as a brand director. Shift Active Media is part of the Play Sports Group, which recently received an investment from Discovery Communications, which owns Eurosport

New startup links cyclists with global rentals, accommodations and events

TAIPEI, Taiwan (BRAIN) — It’s a bold concept.

Stromer gains Swiss investors, separates from BMC

OBERWANGEN, Switzerland (BRAIN) — An Swiss investor group has made a substantial investment in Stromer, completing the e-bike maker’s separation from owner BMC. “We have been able to engage a group of Swiss investors to commit tens of millions of Swiss francs

Colorado shop featured in BRAIN’s Retail Remodel Project to close

LONGMONT, Colo.

Colorado shop featured in BRAIN’s Retail Remodel Project to close

LONGMONT, Colo. (BRAIN) — Bike-n-Hike, a Trek dealer in this Front Range city, will close its doors after 44 years in business. Current owners Rick and Jill Emerson bought the shop in 2007 from its second owner, Dave Swenson.