
Gamma III lead early-stage funding of Mobilizy
Austrian early-stage specialist Gamma Capital Partners had advised its latest fund, Gamma III, on a first round investment in Mobilizy GmbH. Terms of the deal are not disclosed.
Gamma III is joined in the deal by fellow Austrian venture capitalist tecnet.
Mobilizy specialises in the development of 'Augmented Reality' (AR) applications for the mobile segment and is recognised as leader in the up-and-coming market segment.
The AR platform enables end-users to receive additional information about the world around them by overlaying real-time data on top of the images they are seeing through the cameras built into mobile device. The technology has particular applications in the tourism or navigation industries.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Julian Longhurst on +44 20 7004 7449 or julian.longhurst@incisivemedia.com
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