AUSTRIA - PONTIS Venture Partners invests in Xendex
PONTIS Venture Partners, alongside a consortium of business angels, has participated in a EUR 2.3m first funding round for mobile games company Xendex.
Founded in 2001, Xendex Holding GmbH is a developer of mobile games with a total of 45 titles in its portfolio. Furthermore, Xendex provides content services such as quality assurance, games distribution and portfolio and portal management for mobile service providers and independent games portals. The primary geographical focus of the business area lies in the Central and Eastern European markets
Xendex, which is based in Vienna and also has offices in London and Krakow, has generated sales growth of 80% in the last year and now has over 70 channel partners, including T-Mobile, Orange and O2.
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