GoPro, a Half Moon Bay, California-based producer of wearable and gear mountable cameras and accessories, has received a “substantial” strategic investment, whose amount remained undisclosed.
Backers include Riverwood Capital, Steamboat Ventures, Sageview Capital, Walden International and U.S. Venture Partners.
The company intends to use the funds to expand internationally.
In conjunction with the funding, Michael Marks, former chairman and CEO of Flextronics and founding partner of Riverwood Capital, Ned Gilhuly, founding partner of Sageview Capital, and Beau Laskey, managing director of Steamboat Ventures, will join GoPro’s board.
Led by Founder and CEO Nicholas Woodman, GoPro is known internationally for its HD HERO® line of wearable and gear mountable cameras and accessories for consumers, professional athletes, and professional video producers.
The company’s products are sold in over 60 countries and in the USA through professional channels and retailers including Best Buy, Sports Authority, Bass Pro Shops, Cycle Gear, and online at GoPro.com.
In March 2011, GoPro acquired the professional video codec and editing solutions company, CineForm®.