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Alltrails Raises $150 Million Investment Led By Permira

Nov 17, 2021•almost 4 years ago

Amount Raised

$150 Million

San FranciscoPlatformsMobile

Description

AllTrails, the most trusted and used digital guide to the outdoors, today announced that it has raised $150 million from the growth fund of global private equity firm Permira, which backs leading tech-enabled and digital businesses. As part of the transaction, Spectrum Equity will remain the company's majority shareholder. The investment will accelerate the company's product development and international expansion, ultimately helping more people connect to the outdoors.

Company Information

Company

All Trails

Location

San Francisco, California, United States

About

AllTrails is the most trusted and used outdoors platform in the world. We help people explore the outdoors with hand-curated trail maps along with photos, reviews, and user recordings crowdsourced from our community of millions of registered hikers, mountain bikers, and trail runners in over 200 countries and territories. AllTrails is frequently ranked as a top-5 Health and Fitness app and has been downloaded by over 40 million people worldwide. For more information on AllTrails or the AllTrails iOS or Android mobile app please contact press@alltrails.com.

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