XAnge PE and Creathor Venture in €2.5m round for Mobiles Republic

Xange contributed €1m via its LBPI9 and LBPI12 FCPI funds, with German GP Creathor Venture providing the remaining €1.5m. Creathor currently invests from its second vehicle. It had already supported Mobiles Republic with a first financing round in 2009.

Mobiles Republic will use the fresh funds to expand internationally, launch new apps, and recruit additional workforce to work on the monetisation of its products.

Company
Founded in 2008, Bordeaux-based Mobiles Republic develops applications for mobile devices, tablets and smart TVs. Its products so far count around one million active users.

People
Cyril Bertrand and Rodolphe Menegaux led the deal for XAnge. Creathor was represented by Gert Kohler.

Advisers
Equity - Jones Day, Charles Gavoty, Anne Kerneur (Legal); Tuillet Audit, Michel Dupin, Mathieu Levieille (Financial due diligence).

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