Consortium of VCs exit Indoo.rs

The company will be integrated with Esri's indoor mapping division ArGIS Indoors. Indoo.rs' headquarters will now serve as a research and development centre for Esri in Vienna.

Previous funding
Speedinvest acquired a minority stake in the company for an undisclosed sum in a seed round in 2013. Techinvest and Tecnet also participated.

In 2015, the three existing investors participated in a venture round led by Tecnet that raised €750,000 for the company.

Tecnet then led another venture round in 2016. Speedinvest also participated as the consortium raised €1m.

The three existing investors joined again in 2018 to invest a further €410,000 in the company.

Company
Founded in 2010, Indoo.rs now employs 20 people. It is headquartered in Vienna and operates a sales office in San Francisco. The company provides indoor positioning software and proprietary data for businesses.

People
Speedinvest – Werner Zahnt (investment manager).
Esri – Brian Cross (director of professional services)
Indoo.rs – Bernd Gruber (founder); Rainer Wolfsberger (CEO).

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