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Press release BoxID: 638440 (bmp media investors AG)
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  • Corinna Riewe
  • +49 (30) 20305-567

bmp media investors: bmp invests in komoot GmbH

(PresseBox) (Berlin, ) bmp media investors AG (ISIN DE0003304200) has acquired a 5.34% interest in komoot GmbH in a round of financing. Alongside bmp media investors, other investors include Mittelständische Beteiligungsgesellschaft Berlin-Brandenburg GmbH, Potsdam, and KRW Schindler Investments S.A., Luxembourg.

komoot GmbH, based in Potsdam, offers an app of the same name for outdoor activities that allows users to plan and adapt bike rides and hiking expeditions in line with personal preferences using appropriate routes.

Based on several hundred million data sets, including from OpenStreetMap, NASA and Wikipedia, and with machine learning from user data, komoot compiles the best destinations and routes to make personalised suggestions for outings. In doing this, komoot is the first route planner to also take into account factors such as types of road, surfaces, inclines, etc. Users are reliably guided by simple and precise voice instructions; topographic background maps can also be saved to users' phones, enabling navigation even in areas without a data network.

Markus Hallermann, Managing Director of komoot GmbH, explained: 'komoot successfully launched throughout Europe this summer. Using the funds from the financing, we want to continue to expand our team and position komoot more prominently on a global stage in the recommendations area.'

Oliver Borrmann, CEO of bmp media investors AG, added: 'With almost two million downloads since it was founded in 2010, komoot has already established itself as the favourite app for outdoor activities in Germany. komoot is now also available in English. We are confident that expanding the app's regional range will not just make it more attractive for German-speaking users, but also open up prospects on new markets.'

This Corporate News is neither an offer nor a request to submit an offer for the sale of securities - specifically not in the US or other countries or jurisdictions in which an offer or request to submit an offer for the purchase or sale would be illegal without prior registration or permission under the relevant securities guidelines.

This Corporate News is neither an offer to sell registered bearer shares nor a request to submit an offer to buy the registered shares; it is merely for information purposes.

bmp media investors AG

The Venture Capital company bmp media investors AG (ISIN DE0003304200) invests in high-growth companies in the area of media and marketing services in Germany and Poland. It focuses on companies in the seed, start-up and expansion stages. Since 1997, bmp media investors has been investing in media and marketing service companies. Some of its most successful exits include eProfessional, Gamigo, YOC, K2 Internet, Bankier, Nokaut nugg.ad and mbr targeting. Companies such as brand eins, castaclip, dailyme.tv, iversity and Retresco are in its current portfolio.