Cyclomedia

Established: 1980

Country: Netherlands

Region: BENELUX

Investors: Volpi Capital LLP

Cyclomedia is a leading international provider of intelligent street-level geospatial data and information solutions. It specialises in the capture and processing of large-scale systematic visualisations of physical environments using specialised technology to collect 360˚ spherical imagery. Headquartered in the Netherlands, the company employs over 250 FTEs and operates across Europe and North America.

Since Volpi’s acquisition in 2018, the business has tripled in size, transitioning from a Dutch-focused provider of Geographic Information Systems (“GIS”) solutions to an international player of scale, with significant revenue exposure in the US and new European markets. Drivers of this growth have included Volpi’s expansion of Cyclomedia’s technology capabilities, the transition to cloud native architecture, and the addition of an innovative object recognition suite to the proposition. This has allowed the business to exploit additional use cases and enter new industry verticals. Alongside these initiatives, Volpi significantly built-out the senior team to drive further expansion.

70%

employment growth

new sites in US and Germany

~1,900

total customers

We are enormously proud of the progress we have made over the last five years through the successful execution of our growth acceleration strategy.

Key achievements

Market leading end-to-end solution provider offering the highest quality and most accurate data sets, complemented by sophisticated data analytics offering and reinforced by a platform that locks in customers such as government agencies, utilities, telcos and insurance companies:

Truly international, scaled player with significant revenue exposure from >80 US cities and numerous blue-chip corporates
Best in class data analytics capabilities tailored specifically for individual verticals as a result of continuous customer centric R&D
Senior team significantly built out, with top talent attracted by Volpi to drive expansion
Full cloud native technology stack
Significantly improved cash generation
Strong global customer dynamics - high recurring revenue with ample cross / upsell opportunities
New product initiatives including a new business model (“Street Hive”) to complement traditional datasets

Funding history

Avedon invested in Cyclomedia in 2008 and fully exited to Volpi Capital in 2018 (majority owner)
Volpi Capital exited the business in 2023 to a continuation vehicle which acquired the interests held by Volpi