Mobile Distillery (France) - Jan 2008

unquote
01 January 2008

Tweet
Facebook
LinkedIn
Google plus
Send to

Viveris has invested €2m in an A-round of financing for Mobile Distillery via funds Innoveris 7 and Innoveris 8 under its management. The cash investment will be provided in two tranches – the first is already in place and the second is due in mid-2008. The founders retain a majority stake of the company ahead of Viveris and business angels.

Company

Headquartered in Marseille, Mobile Distillery was founded in 2005 by Vincent Berge and Eric Lemaréchal. The company specialises in software solutions for the platform fragmentation in the java mobile industry. Its product Celsius helps java mobile developers create individual platforms for more than 750 different handsets based on a single code source and art assets, meaning production time for developers will be drastically reduced. The investment will be used by the company to fuel its expansions plans which include the opening of a Paris office. Mobile Distillery will also seek to expand its international sales and marketing force, as well as its growth in North America and India where its technical and training support is to be outsourced. The company recorded a turnover of €600,000 in 2007 and expects to raise this figure to €1.3m for 2008.

People

Co-founders Eric Lemaréchal and Vincent Berge are respectively CEO and general manager of Mobile Distillery. Cyprein Roy worked on the deal for Viveris.

Advisers

Equity - Juridicialis, Muriel Arnal (Legal)Equity - MGT Paris, (Financial Due Diligence)

Sourced from: France unquote" 89 (Mar 2008)