Nick Evans

Managing Partner, Active Partners
Nick Evans is a cycling-focused investor and operator who backs early-stage, premium, design-led enthusiast brands across cycling, travel, and lifestyle—notably Rapha and Evans Cycles, and served as Rapha chairman.
How to contact Nick Evans
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Sectors their fund invests in
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£200k – £1m, £5-15m
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Does their fund Lead?
No
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Nick Evans
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Sectors their fund invests in
Consumer
CPG / D2C
Food & Ag
Marketplaces
Ecommerce
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£200k – £1m, £5-15m
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Leads?
No
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About Nick Evans

Nick Evans is a Managing Partner at Active Partners who is widely known as a cycling investor, having backed multiple cycling-related businesses including Rapha and Evans Cycles while also serving as chairman of Rapha. He focuses on premium, design-led enthusiast brands across cycling, travel, and lifestyle categories, consistently backing specialist, passion-led companies at early stages and staying involved over time as both investor and operator.

About their Fund

Active Partners

Sectors
Consumer, CPG / D2C, Food & Ag, Marketplaces, Ecommerce
Rounds
Avg Check Size
£200k – £1m, £5-15m

Active Partners evolved from a single-family office that backed early Soho House, Rapha, and LEON into a dual-fund strategy running both an early-stage UK consumer fund (£200k–£1m cheques) and a growth fund making only 2–4 investments per year of £3–15m with board seats and intensive founder partnerships. They explicitly focus on category-redefining brands across the entire consumer landscape where consumers should think of their portfolio companies first at purchasing crossroads, using structured post-investment exercises to sharpen brand purpose and systematically measuring brand love through metrics like NPS, granular review analysis, and repeat purchasing patterns rather than just CAC/LTV.

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