BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
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December 18, 2022
CleverTraining, Olympia Sports assets to be auctioned
A bankruptcy court is auctioning the remaining assets of CleverTraining, an e-commerce site that once offered cycling, triathlon and other endurance sports gear. Also being auctioned are the assets of Olympia Sports, the former Northeast sporting goods retailer. Bicycle Retailer
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December 16, 2022
Fitness Drinkware Company Ice Shaker Announces Sponsorship with National Pickleball Athlete, Ryan Sherry
[DALLAS, TX] /ENDURANCE SPORTSWIRE/ - Built for athletes by athletes, the revolutionary sports bottle company owned by former NFL athlete Chris Gronkowski, Ice Shaker, is pleased to announce its new partnership with pickleball’s star athlete, Ryan Sherry. Ranked as one of the top ten players in the nation, Sherry is...
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December 15, 2022
Fitness app founded by best friends lands £1.9M, gets backing from British Olympic marathon runner
London-based personalised running coaching app Runna has raised £1.9 million in funding as it aims to become the top running coaching platform in the world. The investment round was led by Jon Coker, founding partner at Eka Ventures, whose has also led investments in brands such as Bloom & Wild, Interactive...
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December 15, 2022
Cycling Innovation Accelerator: Unique support for start-ups and innovators
A team of seasoned industry experts is offering their combined knowledge, expertise, and guidance – launching Cycling Innovation Accelerator (C.I.A.) – offering unique support for start-ups and innovations in the bike world, accelerating the success of strong ideas. The C.I.A. is looking for fresh founders, start-ups, ingenious minds and small...
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December 15, 2022
Bicycle Colorado is acquiring the nonprofit Colorado Cycling
To connect with the thousands of riders who participate in competitive and noncompetitive bike events in Colorado, Bicycle Colorado will be acquiring the nonprofit Colorado Cycling (formerly known as the Bicycle Racing Association of Colorado). Beginning in January 2023, the Colorado Cycling brand will be retired, and its operations will...
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December 15, 2022
New Balance expanding production, adding jobs in Maine
New Balance is expanding its factory in Skowhegan and nearly doubling its workforce there. The company, which is based in Boston, said it will invest about $65 million in construction and equipment at the Skowhegan site. The planned expansion with double New Balance’s production capacity at the factory and add...
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December 15, 2022
PeopleForBikes Coalition Board Meets to Welcome New Members and Discuss Infrastructure, Data, and Participation Goals for 2023
BOULDER, COLO. /ENDURANCE SPORTSWIRE/ - The PeopleForBikes Coalition Board of Directors, composed of 22 of the bicycle industry’s top leaders, met virtually for their semi-annual gathering on December 14. The board’s main topic of discussion was reviewing the organization's top strategic initiatives for 2023, primarily focused on PeopleForBikes’ next generation...
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December 15, 2022
RunSignup Announces 2023 Timer Certification Tour
December 15, 2022 – Moorestown, NJ /ENDURANCE SPORTSWIRE/ - RunSignup announces the launch of its four-part virtual Timer Certification tour. RunSignup’s Timer Certification program is designed to provide timers with in-depth product training on race related technology to support their efforts to provide high value services to endurance race events....
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December 15, 2022
AllGear Digital Launches Corporate Rebranding, Announces $40M Financing
DECEMBER 15, 2022 | LOS ANGELES, CALIF. /ENDURANCE SPORTSWIRE/ – Lola Digital Media today announced a corporate rebranding and name change to AllGear Digital. The company, founded in 2018, owns and operates a network of media sites including GearJunkie, Switchback Travel, Bikerumor, and other top brands. The news comes on the heels...
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December 15, 2022
ShowcasedWill Ventures and Founders Collective Team up with Three-Time NBA All-Star, Bradley Beal to Lead the National Cycling League (NCL) Seed Round.
(Miami, FL, December 15, 2022) /ENDURANCE SPORTSWIRE/ - The National Cycling League (NCL), the first of its kind professional sports league powered by a groundbreaking technology platform, announced today that it closed its $7.5 million Seed financing. This oversubscribed round was led by Will Ventures and included but not limited...
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December 14, 2022
Famer and 3STEP Sports Announce a Multi-Year Partnership To Deliver Lacrosse Training Curriculum to 3d Lacrosse Players and Coaches
NEW YORK, NY, December 14, 2022 /ENDURANCE SPORTSWIRE/ - Famer, the virtual sports coaching and mentorship platform, today announced a partnership with 3d Lacrosse, one of the largest and most successful youth lacrosse organizations in the United States and part of 3STEP Sports. Founded in 2009, 3d Lacrosse has grown...
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December 14, 2022
Can an NFT generate real world bike sales?
For those of us still firmly grounded in the real world, the question (even as digital natives) is, “Does any of this positively impact our cycling business?” For Zwift, with the academy, the answer is a 100% positive “Yes”. Add to that TrainerRoad, Sufferfest, Rouvy, RGT and there’s not much...
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December 14, 2022
Spike raises $700k to help digital health apps utilize wearable data
On average, a digital health company will integrate between four to eight wearables to allow their users to connect the device they use. It’s expensive and resource-intensive to develop wearables integrations in-house; meanwhile, cross-sensor data is complex, scattered, and making data usable requires data engineering headcount and domain-specific know-how. Vator...
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December 14, 2022
iFIT Launches Kayla Itsines-Led Prenatal and Postpartum Pregnancy Content Series with More Than 80 Workouts to Its Millions of Members
(Logan, UT) /ENDURANCE SPORTSWIRE/ - iFIT is proud to offer its first ever prenatal and postpartum workout series, with original programming created by iFIT Trainer, SWEAT co-founder, and women’s fitness icon Kayla Itsines. The multi-part prenatal workout series, filmed during Itsines’ second trimester of her second pregnancy, is live now...
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December 14, 2022
SUAREZ Gran Fondo National Series Strengthens Partnership with Garda Bike Hotel
(Gettysburg, PA – December 14, 2022) /ENDURANCE SPORTSWIRE/ - The SUAREZ Gran Fondo National Series has strengthened its long-term partnership with Garda Bike Hotel and their Andiamo Cycling experiences, Italy’s premiere cycling hotel and guiding service located on the shores of Lake Garda. All Series riders will have access to...
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December 14, 2022
Kane Footwear Receives B Corp Certification
Westport, CT (December 14, 2022) /ENDURANCE SPORTSWIRE/ - Kane Footwear, a leader in active recovery footwear, is proud to announce that they are officially a Certified B Corporation – one of the highest honors of companies in the ESG space. Kane began the process of becoming B Corp Certified immediately...
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December 14, 2022
The Winter Wildcat Rogaine uses Enabled Tracking again in 2023
/ENDURANCE SPORTSWIRE/ - Enabled Tracking will be back for the fourth year in a row to provide real-time GPS tracking and SportIdent ePunch timing for the Winter Wildcat, a 2-day Rogaine event hosted by TanZ Navigation to be held at the Summit Bechtel Family National Scout Reserve near Glen Jean,...
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December 14, 2022
Accomplished Bicycle Executive Ira Becker hired to lead Bike Insurance Partnerships
December 14, 2022 / ENDURANCE SPORTSWIRE / – BikeInsure, an insurtech company specializing in bicycle insurance for cyclists in the United States, is thrilled to announce that it has hired Ira Becker as BikeInsure President. The original standardized bike insurance product aims to afford each bicycle and eBike owner across...
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December 14, 2022
BibBoards and Race Announcer Fitzness Partner Up
/ENDURANCE SPORTSWIRE/ - BibBoards has partnered with Fitz Koehler to provide customized BibSNAPS for the Noisy Nation, a group of Fitz's followers that are using fitness to add ten years to their life. Fitzness International works to provide fitness education to anyone looking to live a healthier life, especially those...
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December 13, 2022
Adidas, Paris Hilton and More Celebrities Sued Over ‘Misleading’ Bored Ape NFT Promotions
Adidas and a slew of celebrities, including Paris Hilton, Stephen Curry and Serena Williams, have been named in a class action lawsuit over their promotion of digital currencies and NFTs from Yuga Labs, including its flagship NFT collection Bored Ape Yacht Club (BAYC). With regard to Adidas, the suit claims that...
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December 12, 2022
Pinarello could be up for sale after banner years
The Italian bicycle maker Pinarello could be getting a new owner in 2023. L Catterton, the private equity firm who acquired the majority stake in 2016, are reportedly seeking offers for Pinarello after it almost doubled turnover since the acquisition. Cycling News
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December 12, 2022
Puma Private Equity invests a further £5.5 million into Le Col
Le Col, the premium cycling performance brand, are pleased to announce that Puma Private Equity, has invested a further £5.5 million into the business to support its long term growth trajectory. Puma Private Equity offers growth capital and expertise to ambitious businesses and works closely with leadership teams to help...
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December 12, 2022
Private equity investors to acquire majority stake in Vittoria
Vittoria has announced that private equity investors Telemos Capital have signed a binding agreement to acquire a majority stake. London headquartered Telemos will invest alongside Vittoria’s senior management team and Wise Equity to build on the company’s leadership position in performance tyres and to accelerate Vittoria’s growth globally. Cycling Industry
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December 9, 2022
Nike’s 50th anniversary: How the swoosh has changed running forever
Fifty years after the birth of Nike, it's impossible to imagine the running world without it. From record-breaking shoes to Olympic kit, via running crews and online ads, the swoosh is everywhere. And yet, implausible though it now seems, the Nike story began, unpromisingly, with a piece of college homework....
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December 9, 2022
Rad Power Bikes suffers a third round of layoffs
North America's largest e-bike company, Rad Power Bikes (opens in new tab), is currently conducting its third round of layoffs in a year filled with lawsuits, manufacturing defects, layoffs and a market downturn. Cycling Weekly