Helikon Cycles LLC, known as Sage Cycles, raised 50% of its $100,000 debt offering from two investors. The company is looking to complete the non-brokered placement with five more investors. The company’s revenues are below $1 million.
Sage Cycles designs and hand assembles high end titanium frame bicycles. The company currently markets three different series with a purpose. The PDXCX is designed for cyclocross (CX) racing, the Skyline is designed with versatility in mind for the road and racing, and the Logan/Burnside is for commuters and city dwellers.
The company, headquartered in Beaverton OR, was founded by David “Dave” Rosen in April 2012. Other executives include David “Dave” Levy (Chief designer) and William “Will” Glasson (Business development and legal).