HARDLOOP acquired by SEVENTURE PARTNERS / KIMA VENTURES
Context
Hardloop completed a EUR3 million funding round to accelerate the development of its technological platform and support its European expansion. The round was led by historical investors Seventure Partners and SGPA, alongside a pool of Business Angels and banking partners (Banque Palatine, LCL, Societe Generale). A key component of this transaction is the opening of the company's capital to its employees, allowing the first wave of staff to become shareholders alongside the founders.
HARDLOOP, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Founded in 2015 in Annecy, Hardloop is a French e-commerce platform dedicated to outdoor sports (hiking, climbing, trekking, skiing). The company positions itself as a "Sportech" player with a platform serving over 350,000 customers and generating 1 million monthly visits across 9 European countries. Hardloop differentiates itself through a strong commitment to environmental sustainability (Carbon Neutral) and a curated selection of eco-designed technical gear from 300 premium brands.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 0M - 15M EUR
Revenue range: 5M - 25M EUR
EBITDA range: 0M - 5M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: kima ventures / seventure partners