onX Secures Strategic Investment from TCV to Innovate Outdoor Navigation Technologies
In a major announcement that highlights the continuous evolution of outdoor navigation technology, onX has revealed a strategic investment from TCV, a prominent growth equity firm known for aiding high-potential consumer technology brands. This partnership is geared towards propelling onX to the next level of growth and innovation in the outdoor navigation and mapping sector.
Founded in 2009, onX has long been at the forefront of developing advanced digital tools for outdoor enthusiasts, particularly hunters, hikers, and other adventurers. Their suite of navigation apps—onX Hunt, onX Offroad, onX Backcountry, and onX Fish—has garnered a loyal following among millions of users. With an inspiring mission to "awaken the adventurer in everyone," onX empowers users with carefully mapped features and terrain visuals designed to enhance their experience in the great outdoors.
Laura Orvidas, CEO of onX, emphasizes the company’s commitment to innovation, stating, "We are constantly reimagining how people experience the outdoors as we expand into new verticals, introduce innovative products, and invest in the team and technology that fuel our growth. Over the last three years, we have nearly tripled our annual recurring revenue (ARR) and established ourselves as the most trusted digital guide for adventurers nationwide. Partnering with TCV brings us invaluable operational expertise that can help accelerate our momentum."
The investment isn’t just about capital; it also brings operational insights from TCV, a firm with a proven track record of scaling tech giants like Netflix and Spotify. Furthermore, Cross Creek has joined as a new investor, expanding onX’s support system as it strives for further growth within the outdoor technology industry.
Over the years, onX has introduced numerous groundbreaking features such as the first-ever cellular trail camera integration, which provides real-time updates to hunters. Their tools, including risk visualizations for backcountry skiing and innovative mapping for camping opportunities, have won accolades and enhanced the outdoor experience for many.
One of the most exciting new tools they’ve developed—Route Builder—allows users to create personalized pathways across rugged terrains, while onX Fish has transformed the way anglers plan their fishing excursions. These products underscore the company’s dedication to solving real-world challenges faced by outdoor enthusiasts.
Woody Marshall, a General Partner at TCV and now a board member of onX, expressed his enthusiasm for this partnership. "Having used onX for several years, especially for hunting and skiing in the western U.S., I can attest to how integral their product is in deepening our connection to nature. The team is clearly in tune with customer needs, making each tool not just functional but essential for outdoor exploration."
Summit Partners, already a longstanding investor in onX since 2018, continues to support the company’s growth trajectory. Colin Mistele, Managing Director at Summit Partners, praised onX for its focus on customer needs and sustainable innovation, noting that they are well-positioned to take on the next set of challenges in the outdoor technology space.
As onX continues to lead in outdoor navigation technology, it maintains its commitment to protecting and expanding public land access, collaborating with various partners since 2018 to enhance access to recreational spaces. TCV’s involvement signifies a strong belief in onX’s potential to shape the future of outdoor adventure.
Founded in 2009, onX has long been at the forefront of developing advanced digital tools for outdoor enthusiasts, particularly hunters, hikers, and other adventurers. Their suite of navigation apps—onX Hunt, onX Offroad, onX Backcountry, and onX Fish—has garnered a loyal following among millions of users. With an inspiring mission to "awaken the adventurer in everyone," onX empowers users with carefully mapped features and terrain visuals designed to enhance their experience in the great outdoors.
Laura Orvidas, CEO of onX, emphasizes the company’s commitment to innovation, stating, "We are constantly reimagining how people experience the outdoors as we expand into new verticals, introduce innovative products, and invest in the team and technology that fuel our growth. Over the last three years, we have nearly tripled our annual recurring revenue (ARR) and established ourselves as the most trusted digital guide for adventurers nationwide. Partnering with TCV brings us invaluable operational expertise that can help accelerate our momentum."
The investment isn’t just about capital; it also brings operational insights from TCV, a firm with a proven track record of scaling tech giants like Netflix and Spotify. Furthermore, Cross Creek has joined as a new investor, expanding onX’s support system as it strives for further growth within the outdoor technology industry.
Over the years, onX has introduced numerous groundbreaking features such as the first-ever cellular trail camera integration, which provides real-time updates to hunters. Their tools, including risk visualizations for backcountry skiing and innovative mapping for camping opportunities, have won accolades and enhanced the outdoor experience for many.
One of the most exciting new tools they’ve developed—Route Builder—allows users to create personalized pathways across rugged terrains, while onX Fish has transformed the way anglers plan their fishing excursions. These products underscore the company’s dedication to solving real-world challenges faced by outdoor enthusiasts.
Woody Marshall, a General Partner at TCV and now a board member of onX, expressed his enthusiasm for this partnership. "Having used onX for several years, especially for hunting and skiing in the western U.S., I can attest to how integral their product is in deepening our connection to nature. The team is clearly in tune with customer needs, making each tool not just functional but essential for outdoor exploration."
Summit Partners, already a longstanding investor in onX since 2018, continues to support the company’s growth trajectory. Colin Mistele, Managing Director at Summit Partners, praised onX for its focus on customer needs and sustainable innovation, noting that they are well-positioned to take on the next set of challenges in the outdoor technology space.
As onX continues to lead in outdoor navigation technology, it maintains its commitment to protecting and expanding public land access, collaborating with various partners since 2018 to enhance access to recreational spaces. TCV’s involvement signifies a strong belief in onX’s potential to shape the future of outdoor adventure.
Topics Consumer Technology）
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