Many rightly regarded LeBron James as the greatest basketball player. Lesser known about the iconic NBA point forward is his love of cycling.
Extremely tall athletes like James struggle with conventional bicycle sizes and gear. Despite this, James enjoys getting out on his custom bicycle, which rolls huge 36” wheels, as opposed to the 29” wheels you’d find on a conventional mountain bike.
Even more surprising than the size of his wheels, though, is the size of his recent investment.
LRMR Venture is the investment entity whereby LeBron manages his wealth. And its latest capital deployment is a significant R490m investment in Germany’s Canyon bicycles.
Lots of clever tech
Canyon’s engineers are renowned for their technological innovations, such as adjustable geometry for the brand’s Strive mountain bike model. Canyon’s Shapeshifter system allows riders to alter the Strive’s amount of rear-suspension travel and overall frame geometry for climbing or descending.
Many dual-suspension mountain bikes feature a lockout switch for the shock, but Canyon’s Strive, with its Shapeshifter system, is far more integrated.
Roman Arnold, Canyon’s founder, is understandably thrilled about LeBron James getting involved.
"While we were not actively looking for new investors, LRMR and the SC team immediately understood our mission to build the world’s most inspiring and innovative bike company. Their passion for what we are building will make them instrumental members of our team."