Skitude, a mobile app network for skiers, completed a funding round with more than €800,000 in order to finance a leap toward the U.S. and Canada.
The capital obtained by Skitude will be used to help the company expand in North America and Europe, especially in the United States, Canada, the Alps, Scandinavia and Eastern Europe, according to company managers. The digital platform will also be diversified to include pursuits other than ski and winter sports, such as running, biking and outdoor activities in general.
Funding was led by The Crowd Angel, BA de BAGI, ESADE, BAN and IESE, as well as the Bbooster Dyrecto fund and Grupo Z. Of the capital obtained in this funding round, €650,000 is from a capital increase while the rest will be co-financed by Enisa and other public programs.
Skitude apps allow skiers to obtain real-time information about the state of more than 2,500 ski areas across the globe, while also letting users openly record their activity on the slopes so that they can precisely measure their performance and compare or compete with other users.
Currently, the start-up is working directly with more than 50 ski and mountain resorts in eight different countries, each with their own Skitude-compatible app for monitoring and ranking performance. In addition, Skitude works with a network of outdoor brands which includes Snowinn, Atomic or Elan.
Photo courtesy Skitude
