Bending Spoons announces that it has completed the acquisition of Komoot, a German route planning platform for adventure seekers and outdoor enthusiasts worldwide.
Markus Hallermann, CEO and co-founder of Komoot, says in a note: “For 17 years we have been working to make outdoor adventures accessible to everyone. Starting from humble beginnings in our student rooms, we built Komoot from scratch and grew it to 45 million users, becoming the leading platform of its kind in Europe. Komoot inspires millions of people to explore the outdoors, improving physical and mental well-being, and continues to grow worldwide. However, what has brought us this far is not enough to take the next step. Scaling a company requires a different mindset and skills than those needed to found it. That is why we believe Bending Spoons, with its unique expertise in innovation and platform growth, is the ideal partner to guide Komoot into the future.”
Luca Ferrari, CEO and co-founder of Bending Spoons (pictured), adds: “We are deeply impressed by Komoot’s achievements over the past seventeen years and look forward to its future growth potential. With Bending Spoons’ expertise and technology platform, we are confident that we can accompany Komoot on a path of growth and consolidation for many years to come.”
The investors who supported Komoot’s journey are: KRW Schindler, Outdoor Secondary, MBG Beteiligungsges. Berlin-Brandenburg and LP Capital (Liquid Partners). Perella Weinberg Partners acted as exclusive financial advisor to Komoot, while Osborne Clarke provided legal advice.
Bending Spoons was supported by Freshfields as legal advisor. Financial and tax due diligence was conducted by EY Advisory S.p.A. JP Morgan and Intesa Sanpaolo acted as financial advisors.
The value of the transaction has not been disclosed
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