7. November 2013–
Outdoor pursuits app maker Komoot is stocking up with extra rations – specifically, new funding from investors including Google VP Global Sales Philipp Schindler’s private fund.
The deal, announced today and lodged with Germany’s company office register this week, is a “seven-digit funding amount”, Komoot co-founder Markus Hallermann said. New investors KRW Schindler Private Ventures, bmp Media Investors and state-supported fund MBG join the company’s previous investor, Frühphasenfonds Brandenburg.
Komoot’s mobile apps – dreamed up during its three co-founders’ tour of the Alps in 2009 – help users plan hiking and cycling tours and provide map and voice directions. It draws on sources including OpenStreetMap, NASA, Wikipedia and user-generated data.
Since going live in 2010, the company has gathered two million downloads. Access to web services is free. For voice navigation and offline maps, the first region is free but further regions need to be unlocked for €3.59 each or €29.99 for a complete set.
The apps are available in English and German and cover 17 countries in Europe. Are there plans to go global? “At least the US and North America,” Hallermann said.
There’s a technical barrier to truly global expansion – due to the size of the data sets involved, the company’s routing algorithms may need to run different regions on different machines yet still work together to serve users planning to cross borders.
Image credit: Martin Cathrae