Cresco assisted REIN4CED in the design, negotiation and closing of a EUR 7 million Series B investment round, led by Capricorn.
REIN4CED is a technology leader in the field of the bicycle industry. It developed and patented a new fiber strengthened composite material and an automated production method for industrial needs mainly in the bicycle industry.
REIN4CED opened a manufacturing plant in Leuven and recently started with the production of high-end carbon frames for the booming bicycle industry.
The new funding will enable REIN4CED to scale-up the production of bicycle frames allowing it to compete with Asian bicycle frame builders.
Cresco has assisted REIN4CED in its formation, funding and operational activities.
David Dessers and Olivier Van Raemdonck constituted the deal team that advised REIN4CED in this transaction.
More information on this transaction can be found in De Tijd.
For any further information or questions, please contact David Dessers or Olivier Van Raemdonck.