GERMANY/NETHERLANDS - Triangle Venture Capital Group leads EUR 4.1m funding for iOpener

Triangle Venture Capital Group has led a EUR 4.1m investment in iOpener. iOpener has developed a technology to map real-world competitions such as Formula 1 to an artificial world, allowing gamers to participate in the race virtually and in real time. Their first product is based on innovations from European Space Agency, which allows the efficient transmission of telemetric data from a plurality of moving objects and their mapping into the game’s virtual world. iOpener is the first VC-backed ESA spin-off in satellite applications, and has headquarters in Aachen, Germany, and Delft, the Netherlands, to leverage the expertise found at the world-class technical universities in both locations.