Four local young entrepreneurs once made good money by selling their running app to adidas. With the capital, they want to repeat the success with various investments: for example, with GPS tracking for pets, children’s bicycles, customer loyalty apps and mobile phone software for the education of children.
With the foundation of the running and fitness app Runtastic in 2009 and the sale of the company to Adidas in 2015 for 220 million euros, the two inhabitants of Lower Austria, Florian Gschwandtner and Alfred Luger, and the two Upper Austrians, Christian Kaar and Rene Giretzlehner, laid the foundation for further investments. Through its 8eyes (acht Augen) GmbH, the vibrant quartet has already invested in around 30 emerging start-ups.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
