Skioo merged with the Spanish from Skitude, adds $1.7M in funding.
Skioo, the Lausanne, Switzerland company providing a mobile app for ski-lift ticketing, merged its operations with its bigger competitor based in Spain, Skitude.
Following the deal, Yngve Tvedt becomes chairman and owner through Norselab, Aksel Lund Svindal will control 16% of the shares, while Stein Erik Hagen and the family's investment company Canica and state-owned Investinor each own 14%. The three investors will also contribute with fresh funding totalling NOK 15M ($1.7M) in connection with the merger, controlling together wih Investinor half of the shares in the new company. Spanish Skitude Holding owns the rest.
Skioo was founded in 2012 by the Swiss Grégory Barbezat and the Norvegian Yngve Tvedt with aim to build a ski ticketing platform integrated into global online reservation systems. The company created a mobile ski pass system that gives people the possibility to access a maximum of ski resorts with the same card. Users no longer need to go to the ticket desk or book their skipass in advance but are automatically charged based on use.