- Clipperton acted as sole financial advisor to the shareholders of Wikiloc, a navigation software for outdoor activities, on its investment from Miura Partners.
- Wikiloc is set to accelerate its global expansion, strengthen its team, and amplify its service offering focused on inclusivity, accessibility, and eco-friendly outdoor activities.
- This deal illustrates Clipperton’s strong track record in the consumer apps and consumer subscription space, after successfully advising on the sale of Fruitz to Bumble Inc. [NASDAQ:BMBL], as well as 8fit to Withings.
Our Client
- Thriving as a bootstrapped founder-led company, Wikiloc was established in 2006 by Jordi Ramot and Montserrat Jordi out of Girona, Spain. Over the past 17 years, the application has gathered over 12 million outdoor enthusiasts and assembled a database of 43 million authentic outdoor trails. As of today, the trails offered by Wikiloc are spread across 190 countries and the app is available in 24 languages.
- The company pioneered the promotion of outdoor activities through a digital platform, allowing its global community to discover, follow and share hiking and cycling trails and many other activities.
Deal Rationale
- The investment from Miura Partners will be made through its Impact Fund, aimed to support purpose-driven high-growth SMEs that address sustainable goals (SDGs) as their core strategy. Wikiloc’s founders, Jordi Ramot and Montserrat Jordi, will continue to hold a majority stake and lead the project in this new phase.
- The company will implement a plan to accelerate its international expansion, reinforce the team and strengthen services based on accessibility and the inclusion of environmentally friendly outdoor activities. In addition, Wikiloc will capitalize on Miura’s experience in scaling and transforming high-growth projects globally.
- Jordi Ramot, Co-Founder and CEO of Wikiloc, stated: “We are convinced that a future where we spend more time doing outdoor activities, enjoying and preserving nature is fundamentally better for everyone. We are excited to reach that destination with the Miura team as fellow travelers and leverage their experience so we can boost our growth and bring the Wikiloc experience to more people and countries.”
Clipperton is enforcing its track record in the Iberian Peninsula
Deal Team
- Nicolas von Bülow, Managing Partner
- Thomas de Montille, Partner
- Martin Vielle, Partner
- Karim Mekouar, Vice President
- Simon Boucher, Analyst
- Clara Lamotte, Analyst
About Clipperton
Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe willing to execute transactions such as strategic M&A, private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.