GeoSentric Garners $11,000,000 New Financing

  • Feed Type
  • Date
    3/15/2010
  • Company Name
    GeoSentric
  • Mailing Address
    175 Metro Center Blvd Warwick, RI 02886
  • Company Description
    GeoSentric is a developer and provider of solutions, products and technologies for location based services and LBS-enabled social networks. It develops a leading geo-integration platform for mobile devices, personal navigation devices, web browsers, and other internet-connected devices, which provides applications and bundled ODM/OEM solutions for consumer and B2B markets, built on the convergence of location based services, social networking, search, mobile & Web 2.0 technologies. Its intellectual property is delivered as software and services in products which include the GyPSii product platform (“GyPSii”) together with ready-to-use integrated GPS/GSM devices for navigation and object tracking and customisable software solutions for industry specific uses (“TWIG”).
  • Website
    http://www.geosentric.com/index.php?option=com_content&task=view&id=2&Itemid=4
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $11,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The funding will help support marketing and additional development of GeoSentric applications, including GyPSii and Tweetsii.
  • M&A Terms
  • Venture Investor
    Undisclosed

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