Industry investors pump $1.2M into Bike Matrix

ROTORUA, New Zealand (BRAIN) — Anonymous industry members have invested NZ$2 million ($1.21 million) into the New Zealand-based fitment database startup Bike Matrix.

Bike Matrix allows users to "select a bike and see what fits." BRAIN most recently wrote about the Bike Matrix in the February 2024 issue. The platform is designed for various applications, including online stores, retail software systems, workshop portals, wholesale B2B and ERP systems, fleet management platforms, and bike design.

The company said the seed investment is "a silent contribution from within the bicycle industry." Read the full article