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Bike-shipping business Kitzuma Cycling Logistics boosted by first round of funding

Published August 6, 2021

ASHEVILLE, N.C. (BRAIN) — Kitzuma Cycling Logistics announced the closing of a first round of funding with the goal of expanding its door-to-door bike shipping business.

Eight months after launching, Kitzuma has 15 bike brands as clients, and the undisclosed amount will allow expanding into consumer shipping services, said Taylor Essick, Kitzuma CEO. This initial round of funding closed ahead of schedule.

"I can't say enough great things about our investors," Essick said. "In addition to believing enough in Kitzuma to invest, they are passionate cyclists and bring a wealth of knowledge and experience across all sectors of the business world, which will be a critical asset as we continue to grow and scale."

Casey Watkins, co-founder of Symmetry Financial Group, was one of six investors, with the others requesting anonymity.

"No investment is ever guaranteed, but investing in Kitzuma, whose founders have over 20 years of experience and have developed a purpose-built logistics platform, is hard to pass up," said Watkins, an enduro rider.

Kitzuma uses a spoke-hub appointment-based model with driver-techs trained to handle and set up bikes for the customer. Each bike is guaranteed against damage.


Topics associated with this article: Mergers, Acquisitions & Investments

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