Absolute Cycling

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November 22, 2024

Data is self reported

Absolute Cycling

Absolute Cycling developed a state of the art cycling computer to support the discerning cyclist in an optimal ride with correct data, easy operation and beautiful design.

Achievement

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Founded in

2018

Country

Netherlands

Province

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Industry

Sports, Hardware

SDGs

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Patent information

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Team

Number of founders

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Number of employees

Founder backgrounds

In the news

Investment details

Amount raising

2000000

Ownership founders

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Lead investor

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Current investors

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Intended closing date

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Fundraising status

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Already committed

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Revenue Metrics

Monthly revenue

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Monthly growth

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Paying customers

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Monthly active users

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Absolute Cycling

November 22, 2024

Data is self reported

Absolute Cycling

Absolute Cycling developed a state of the art cycling computer to support the discerning cyclist in an optimal ride with correct data, easy operation and beautiful design.

Achievement

Design, develop and produce a cycling computer in NL is already a great success. Since 13th of Sept we're live! We already found 125 crowdfunders in a very early stage to buy a computer and in May '24 they received the unit (after years of development). We receive good feedback. With our very small marketing budget we reached an international audience of cyclists and professionals in the market who are excited and interested. Our sensor fusion model is patented.

Founded in

2018

Country

Netherlands

Province

Gelderland

Industry

Sports, Hardware

SDGs

Good health and well-being (SDG #3), Responsible consumption and production (SDG #12)

Patent information

yes

Team

Number of founders

Number of employees

Founder backgrounds

Exit experience

Relevant industry experience

Yes

Previous startup experience

Female founder

EUR / Erasmus MC or TUDelft relation

Graduation year from EUR, Erasmus MC or TUDelft

In the news

Investment details

Amount raising

2000000

Ownership founders

<50% owned by founders

Lead investor

We've got several investors.

Current investors

4500000

Intended closing date

Q1 or Q2 next year.

Fundraising status

Actively fundraising (brand name visible)

Already committed

Revenue Metrics

Monthly revenue

€5K - €10K

Monthly growth

0-4%

Paying customers

Monthly active users

150

Absolute Cycling

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Absolute Cycling developed a state of the art cycling computer to support the discerning cyclist in an optimal ride with correct data, easy operation and beautiful design.

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Premium Details Available

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue

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Monthly revenue context

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Number of paying customers

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Monthly active users

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INVESTMENTS

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How much of this round already committed?

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When are you aiming to close this round?

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TEAM

How much time do the founders spend on the business?

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Is there a founder with previous co-founder / c-level at startup experience?

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Is there a founder with previous Sector Experience?

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Is there a founder with previous Exit Experience?

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What percentage of company is owned by founders?

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Is there a women founder with at least 5% of the shares?

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Is there a founder with a EUR / Erasmus MC or TUDelft relation?

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Graduation year from EUR, Erasmus MC or TUDelft

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OTHER

Year founded

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Patent status

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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue

€5K - €10K

Growth rate month over month

0-4%

Monthly revenue context

Number of paying customers

Monthly active users

150

INVESTMENTS

Do you have a lead investor?

We've got several investors.

How much have you raised in the past?

4500000

How much of this round already committed?

When are you aiming to close this round?

Q1 or Q2 next year.

TEAM

How much time do the founders spend on the business?

Is there a founder with previous co-founder / c-level at startup experience?

Is there a founder with previous Sector Experience?

Yes

Is there a founder with previous Exit Experience?

What percentage of company is owned by founders?

<50% owned by founders

Is there a women founder with at least 5% of the shares?

Is there a founder with a EUR / Erasmus MC or TUDelft relation?

None of these

Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded

2018

Patent status

yes

Basic details

Amount raising

2000000

Country

Netherlands

Industry

Sports, Hardware

Website

https://www.absolutecycling.com

Founders

Last updated:

November 22, 2024

Key Achievements

Design, develop and produce a cycling computer in NL is already a great success. Since 13th of Sept we're live! We already found 125 crowdfunders in a very early stage to buy a computer and in May '24 they received the unit (after years of development). We receive good feedback. With our very small marketing budget we reached an international audience of cyclists and professionals in the market who are excited and interested. Our sensor fusion model is patented.

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