For further growth in the areas of product development and scaling of its team, Austria-based Bikemap GmbH, with its worldwide bike route collection app Bikemap (www.bikemap.net), has raised fresh capital. This time, Dutch €140 million venture capital fund Ponooc stepped in with an undisclosed seven-figure sum. Ponooc focuses its investments on sustainable energy and mobility-oriented companies. For example, in the bicycle industry, the investor is already on board with Swapfiets, the bicycle subscription pioneer founded by PBG. Not surprisingly, as a family-managed fund, Ponooc is closely aligned with Pon Holdings B.V. (aka Pon Group), the parent company of Pon Bicycle Group (PNG, with brands Cervélo, Faraday, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, etc.), among others. Within the mobility sector, however, Ponooc is not only involved in the bicycle business. For example, the fund also has a stake in Berlin-based e-scooter startup Unu.
The Bikemap team, which has already grown to 30 employees, says it works in a targeted user-centric way. The bike routes offered are constantly optimized based on the wishes of the community. Thanks to the constantly growing community, the app already offers more than seven million routes in over 100 countries worldwide. “The new capital will be used for further product development and scaling the team and platform to become the world’s leading user-generated bike navigation and mapping service,” according to the company’s Vienna headquarters, which was founded in 2014.