Le Col has raised an additional £2.5 million from Puma Private Equity to accelerate its growth plans in 2020.
Part of Puma Investments, UK-based Puma Private Equity delivers funding to SMEs in all sectors around the country. It previously invested £2.35 million into Le Col at the end of last year.
The new investment will provide the company with funds to continue creating a “truly global brand”. Le Col will be stepping up its partnerships with the professional side of cycling on the world stage whilst also increasing its research and development into new technical advancements.
Yanto Barker, Le Col’s founder, said: “This investment marks another huge milestone in Le Col’s ongoing growth. I am pleased to have completed this raise with Puma Private Equity which continues its support and backs us again to push to the next level, with so many exciting projects and plans for 2020 and beyond.”
Tommy O’Sullivan, managing director at Puma Private Equity, who joined the Board of Le Col last year, added: “Le Col is in an extremely exciting position, having achieved explosive growth over the last 12 months.
“We expect its proposition of performance-led excellence, energy and passion for cycling to continue to drive the business forward in the years to come.”