Lauf Cycles secures 500 million ISK in new financing round
Icelandic bicycle manufacturer Lauf Cycles has completed a 500 million krónur financing round. Photo/Sent to mbl.is
Icelandic bicycle manufacturer Lauf Cycles has closed a financing round worth nearly 500 million Icelandic krónur, marking a major milestone for the fast-growing company.
According to an official announcement, the capital raise was advised by Kvika Investment Bank and led by existing shareholders, with participation from new investors as well.
“We are very pleased to have reached this milestone and are grateful for the continued trust of our investors,” said Benedikt Skúlason, CEO of Lauf Cycles. “This funding allows us to accelerate the development of new products, boost production capacity, and expand more aggressively into international markets. These are exciting times for Lauf.”
Strategic growth in the U.S.
Lauf Cycles has gained international recognition for its innovative bicycle designs, particularly in the gravel and road bike segments. The company recently expanded its product lineup by introducing its first mountain bike.
Over the past three years, Lauf has been establishing a robust assembly plant in Virginia, USA — a strategic move aimed at increasing operational efficiency and ensuring supply chain stability amid global disruptions.
“The Virginia facility represents a key investment in our future. It enhances our ability to scale and better serve our growing customer base in North America and beyond,” Skúlason noted.
With strong investor backing and a sharpened focus on innovation and expansion, Lauf Cycles is well-positioned to solidify its place as a leading name in high-performance cycling.
