NBA superstar LeBron James invests €30m in Canyon Bicycles

Canyon bikes factory
(Image credit: Canyon)

Germany-based direct-to-consumer bike brand, Canyon Bicycles, has today announced that it has received a duo of strategic investments from American companies LRMR Ventures and SC Holdings, as it looks to strengthen its presence in the US market and diversify its offering. 

The first of the two, LRMR Ventures, is described as the 'family office' of basketball icon (and star of the recent remake of Space Jam) LeBron James. The latter, SC Holdings, is run by James's lifelong friend and sports marketing businessman and media personality, Maverick Carter. 

Josh Croxton
Associate Editor (Tech)

Josh is Associate Editor of Cyclingnews – leading our content on the best bikes, kit and the latest breaking tech stories from the pro peloton. He has been with us since the summer of 2019 and throughout that time he's covered everything from buyer's guides and deals to the latest tech news and reviews. 

On the bike, Josh has been riding and racing for over 15 years. He started out racing cross country in his teens back when 26-inch wheels and triple chainsets were still mainstream, but he found favour in road racing in his early 20s, racing at a local and national level for Somerset-based Team Tor 2000. These days he rides indoors for convenience and fitness, and outdoors for fun on road, gravel, 'cross and cross-country bikes, the latter usually with his two dogs in tow.