FRANCE – Avenir Finance leads EUR 700,000 investment into Pole Star
Avenir Finance Gestion has led a EUR 700,000 early-stage investment into software company Pole Star. Avenir provided EUR 500,000, with the balance being contributed by a number of business angels.
Toulouse-based Pole Star was founded by two former engineers from Alcatel Space. The company produces two software products to optimize the performance of GPS systems: Nao City, a positioning solution aimed at densely urban locations in which the industrial topography can otherwise interfere with GPS; and Nao Campus, which allows GPS guidance within buildings by combining GPS and WI-FI.
Pole Star will use the investment to finance the commercial development of its software on mobile phones and PDAs.
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