Cowen advised the shareholders of calimoto GmbH on the sale of a majority stake to Russmedia Equity Partners (“RMEP”). calimoto is the leading global app for motorcyclists with a unique twisty roads algorithm. The founders, Sebastian Dambeck, Hans-Joachim Allenfort, and Luca Osten, continue to hold significant stakes in the company and remain with the company as the management team.
In his master thesis, Sebastian Dambeck developed the twisty roads algorithm that still makes calimoto unique today. Together with Hans-Joachim Allenfort, and Luca Osten, he founded the company in April 2016; just one month later, calimoto was released as an Android app. With over four million users in 154 countries, calimoto is now the top-selling and most successful motorcycle app worldwide.
Together with RMEP, calimoto will continue on its growth path, focusing in particular on expanding the motorcycle community within the app and expanding into the American market. As part of the transaction, all business angels, Dr. Arndt Schwaiger, Dr. Jan Alberti, Prof. Dr. Roland Fassauer, Torben Schreiter, Harald Rönn, Ilja Reiner, Tom Kedor, Gerhard Mayr, and Robert Butz, also sold their shares in the company.
Hans-Joachim Allenfort, Co-Founder and CFO at calimoto: “We are delighted to have found the perfect partner in RMEP to continue the calimoto success story and growth to date. Together we will focus on further developing calimoto for the needs of the motorcycle community.”
Chris Wittlinger, Principal at RMEP: “We are delighted that the founders have decided to take the next steps of growth together with RMEP. We are convinced that calimoto with its unique community, outstanding product, and team is just at the beginning of its success story.”
calimoto is an all-in-one motorcycle app that maximizes all aspects of riding a motorcycle as a lifestyle, recreational and social experience. It addresses the desire of discovering remote, motorcycle-friendly roads, provides a cost-efficient navigation solution and works as a networking platform.
With its unique twisty roads algorithm, the app plans routes with the most winding and scenic roads making each ride a thrilling experience! Trips can be rated and shared within the community which helps other motorcyclists find the best rides locally or worldwide.
RMEP is an investor and operator of online marketplaces, aggregators and SaaS solutions and the investment holding company of the Austrian Russmedia Group. RMEP operates a profitable portfolio of over 20 digital companies in eight countries. The company is based in Ruggell, Liechtenstein, and currently has EUR 200 million AUM (“Assets under Management”) and invests in successful digital companies in attractive niches.
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