The Pro’s Closet, a Louisville, CO-based pre-owned cycling brand, raised $12m in strategic funding.
The round, which brings total funding raised to date to more than $27M, was led by Foundry Group and Edison Partners with participation from Ridgeline Ventures and existing private investors.
The company intends to use the funds to continue to expand operations and its business reach, To scale its expansion, TPC will move its headquarters and operations to a 137,000 square foot facility in Louisville, CO.
Founded in 2006 by CEO Nick Martin, The Pro’s Closet provides a secondary bicycle platform lowering barriers for purchasing pre-owned bikes and components via a selection of high-quality road, mountain, gravel, cyclocross, triathlon, and e-bikes coupled with innovations like Certified Pre-Owned, Guaranteed Buyback, and Carbon Frame Warranty continue to differentiate TPC and drive customer loyalty.
To support The Pro’s Closet’s facility transition and growth plan, Gregory Boucher recently joined The Pro’s Closet’s executive team as Vice President of Technology. Boucher has more than 18 years of experience in e-commerce product development and full-stack management and is assembling a top-tier tech team to manage this new expansion phase.
FinSMEs
12/09/2020