Iris Capital injects €6m into Singlespot
Iris Capital has invested €6m in French startup Singlespot, which specialises in collecting and analysing location data.
With the fresh capital, the company intends to consolidate its presence in France and expand internationally in 2018, especially in the UK, Germany, Spain and Italy.
The GP deployed capital from its IrisNext Fund to finance the investment, Unquote understands. The vehicle held a €250m first close in June 2017 and plans to invest in around 60 European startups, deploying tickets between €1-30m.
Company
Founded in 2015 and based in Paris, Singlespot anonymously collects location data of millions of mobile users, identifies the places they visited and exposes them to mobile in-app ads to help companies build their marketing campaigns and increase their sales.
People
Iris Capital – Stéphane Pesqué (partner).
Singlespot – Thomas Opoczynski, Alexandre Fortoul (co-founders).
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