29. Bikmo

Company: Bikmo

Founder(s): David George

Website: https://bikmo.com/uk/

Description: Bikmo provides simple, brilliant and inclusive bicycle insurance for road, MTB, triathlon and e-bike riders





Bikmo offers comprehensive insurance for cyclists and triathletes using uses innovative technology. Their primary focus is on exceptional customer experience with a team made up of bike fanatics.

As cyclists themselves, the Bikmo team understands the specific needs of their clients. They know, and cater for, full coverage of the rider, their bike and their equipment, regardless of whether they are road-biking or trail-biking.

In 2020, they were able to secure £1.8 million in Series A funding, led by Development Bank of Wales alongside Hiscox and a collection of other angel investors. This investment allowed for global expansion with increased investment in the UK, Germany, Ireland and Austria.

This year, Bikmo announced a launch of a bike theft tracking tool following a whopping 74,000 bike thefts in 2020. Their free tool is an interactive bike theft tracking heat map which works to combine police data and population data to highlight the areas most at risk in England and Wales.

Three key areas of their mission are 1) protecting their community of riders with an excellent customer experience, 2) they aim for global expansion so that they can protect riders worldwide 3) they strive for sustainability and are proudly B-Corp certified.