GoPro getting stronger with new investor

The private equity fund Horn IV, has purchased a 35% share in GoPro ltd, making Horn IV GoPro’s largest individual shareholder.

The new capital, resulting from this transaction, will be used to strengthen the company’s ability to fund new development and sales- and marketing, for international markets.

GoPro has been operating profitably for the past 18 years and is one of the few companies that has been on the Creditinfo’s exclusive “countries strongest” list for over 10 consecutive years.

„We are very pleased with Horns IV’s investment in GoPro. This investment is important for GoPro, it will accelerate our ability to invest in development of our cloud platform for domestic and international market.”

says Ólafur Daðason, GoPro CEO.

We are now working in close co-operation with some of our most forward-thinking customers to build new and exciting mission critical virtual solutions, a model that is benefitting both us and our customers. With increased ability to invest, we will be able to shorten time to market for those exiting solutions. The first solution is

Steinar Helgason, Horn IV
Berglind Halldórsdóttir,  Horn IV
Hermann Már Þórisson,  Horn IV
Ólafur Daðason, CEO GoPro
Helga Ingjaldsdóttir, CFO GoPro