CALGARY, Alberta (BRAIN) — VeloGuide, an app that matched cyclists with independent local guides, has shut down, founder and CEO Joel Goralski announced Wednesday.
The company worked with guides around the world, including an array of well-known current and retired pro cyclists and local experts. The guides set their own rates to lead rides while VeloGuide retained a share of the revenue.
"We would like to thank everyone for their past support of the business," Goralski said in an email to followers. "We all know that VeloGuide is an amazing idea and a service that is truly needed in the world of cycling enthusiasts. However, the company has not been able to recover from the two years of disruption over COVID. After several unsuccessful attempts to raise the necessary capital to restart the business, we have decided that it is now time to move on."
Still, Goralski said anyone interested in investing in a relaunch should contact him at joel@veloguide.com to discuss.
He said all current guiding reservations will be honored and guides will receive any payments owed by VeloGuide.
Goralski also noted that the Mexico-based tour and rental company that he owns, Bici Bucerias, the first guide to list on VeloGuide, continues to operate with some tours led by pro riders Ian Boswell and Phil Gaimon.
