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UNQUOTE
  • Expansion

i4g and tecnet back VisoCon

  • Carmen Reichman
  • 19 March 2013
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Austrian private equity firm i4g and tecnet equity have invested in a seven-figure financing round for Graz-based technology company VisoCon GmbH.

In addition to the backing from i4g and regional investor tecnet, VisoCon also received funding from two business angels.

The company will use the capital to accelerate the expansion of its worldwide sales network and develop its open web-based video conferencing solutions. It will particularly focus on delivering better transmission quality, integration capability and usability.

i4g is a Vienna-based private equity firm that manages capital for family offices and private foundations. The GP mainly invests in technology companies. Meanwhile, tecnet is Lower Austria's regional technology investment fund, and also provides support for patent and technology exploitation.

Company
VisoCon was founded in Graz in 2010. The company provides a cloud-based video conferencing solution that can be used by up to 400 people at a time while supporting a simultaneous web broadcast.
 

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