Bikemap GmbH

Bikemap GmbH is a digital platform specializing in cycling services, offering users a route planner and bike computer app to customize their cycling experiences. Founded in 2007 in Vienna, Austria, Bikemap GmbH provides a platform for cyclists to plan and share routes. The company's founders, Christof Hinterplattner and Helge Fahrnberger, established it to promote cycling through technology. In June 2021, Bikemap raised EUR 0.

70 mn in a Seed funding round led by Speedinvest, bringing the total amount raised to EUR 0. 70 mn. The company has completed 5 deals since its inception, with the latest deal occurring on June 2, 2021. Bikemap offers a comprehensive suite of digital services centered around cycling, primarily through its route planner and bike computer app.

The core functionality of the app enables users to create and customize cycling routes tailored to their preferences, whether for road biking, mountain biking, or e-biking. Users can choose from popular routes or personalize their journeys with points of interest and images. The app serves casual cyclists, enthusiasts, and travelers, facilitating the discovery of millions of user-generated routes across Europe, Asia, and the Americas, enhancing their cycling adventures. In the most recent year 2020, Bikemap generated revenue of EUR 1,159,885, with an EBITDA loss of EUR 591,561.

The company’s revenue model primarily relies on a premium subscription service, providing users access to enhanced features like offline maps and advanced navigation tools, which are available through direct-to-consumer sales on platforms such as the App Store and Google Play. Following its latest funding round in June 2021, Bikemap GmbH plans to utilize the raised EUR 0. 70 mn for product development and scaling its team. The company is focused on expanding its offerings, including upcoming features aimed at enhancing user experience, although specific launch dates have yet to be disclosed.

Additionally, Bikemap seeks to penetrate new geographic markets, targeting regions with growing cycling communities, to increase its user base and revenue streams.