Circularity Capital, a private equity firm, led a £17m Series B round in the Bike Club, a platform that offers pay monthly kids bikes, with participation from Codex Capital. “As society faces climate change, we should work together to consume better, meaning we should rent better things and refurbish them. This is exactly the option Bike Club gives tens of thousands of families across the UK. Bike Club’s circular economy means less bikes need to be produced each year. Each of their bikes is saving 336kg CO2 versus an owned bike. So far, their fleet has saved 1.1k tonnes of CO2 versus ownership," David Mowat, Circularity Capital Partner.