Komoot's Sale to Private Equity: Disappointment in the Cycling Community

That’s the shock many of us in the European cycling community felt when the news broke that our trusted route platform, Komoot, was sold to the notorious private equity group Bending Spoons.

Breaking their promise of long-term commitment to the company, Komoot’s six founders sold out the around 150 employees, millions of active users, and the beloved service, making off with the lion’s share of the 300-million-euro deal.

Following the sale of Komoot to private equity, Josh Meissner explores the broken relationship between corporate capital and our communities...