Next Sparc Growth Partners invests in Revel Bikes to support its growth in the competitive high-end mountain biking market.

Target Company Overview

Revel Bikes, based in Carbondale, Colorado, specializes in designing advanced full suspension mountain bikes. Founded in 2016 by Adam Miller, Revel officially launched its first two models, the Rail and the Rascal, in early 2019. The company's commitment to innovation is exemplified by its proprietary CBF suspension system, developed in collaboration with renowned bike designer Chris Canfield. This technology allows Revel to stand out as the sole provider of CBF suspension on high-end carbon bikes, demonstrating a dedication to quality and performance.

Within a remarkably short period, Revel Racing has gained significant recognition in the mountain biking community. Its products have received numerous accolades, including the title of "Best Overall Mountain Bike of 2020" for the Rascal model and "Best Short-Travel Cross-Country Mountain Bike of 2021" for the Ranger. Through exceptional product development and customer service, Revel has established itself as a prominent player in the competitive high-end mountain bike segment.

Industry Overview

The mountain biking industry in the United States has witnessed substantial growth, driven by increased recreational participation and a heightened focus on outdoor activities. In recent years, there has been a notable surge in demand for high-performance mountain bikes as co