Cowboy

Brussels, Belgium Automotive Acquired

Cowboy is a Brussels-based connected e-bike maker that manufactures premium electric bicycles with integrated smart features including GPS tracking, theft alerts, crash detection, wireless phone charging, and adaptive power technology. The company targets urban riders seeking intelligent, sustainable transportation solutions.

Acquired

Cowboy has been acquired

Sep 2025

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2017

Employees

100–250

Total Funding

$126M

5 rounds

Latest Valuation

$1B

Jan 27, 2022

Secondary Signals

2 signals
M&A Recent amount EUR15M cash injection for 80% stake 2025-12-19

ReBirth Group Holding completed majority-stake (80%) acquisition of Cowboy via EUR15M capital injection

Change of control; prior equity holders largely diluted/devalued in the restructuring

Leadership Change Recent 2025-12-18

CEO and co-founder Adrien Roose departs Cowboy as part of ReBirth restructuring, no successor named

Leadership vacuum during post-acquisition integration; execution risk near-term

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $126M across 5 rounds

Last updated 08-19-2026

DateRoundAmount RaisedValuationLead Investors
Sep 4, 2024 Venture TechCrunch $5.5M Cypress Capital
Jan 27, 2022 Series C TechCrunch $80M $1B Exor, HCVC, Siam Capital
Jul 23, 2020 Series B TechCrunch $26M $0.4B Exor Seeds

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$500M $1B 2019 2020 2021 2022 Cowboy

Entry · Series A

$400M

Oct 2018

Cowboy today

$1B

Jan 2022 · latest mark

Cowboy multiple

2.5x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Kjell Fastré

    Managing Director (Sales and Customer Service)

  • Oliver Barleben

    Managing Director (Supply Chain, Manufacturing, Finance and Technology)

  • Tanguy Goretti

    Cofounder, Board Member and Advisor (former CTO)

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • VanMoof

    Dutch e-bike manufacturer offering connected electric bicycles with smart features, now acquired.

  • Riese & Müller

    German premium e-bike and cargo bike manufacturer.

  • Stromer

    Swiss premium connected e-bike brand.

  • Juiced Bikes

    US-based electric bike manufacturer offering performance e-bikes.

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Data collected with AI, which can make mistakes. Please double-check this information.