GeoSentric Garners $11,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9146405b-925c-433a-bff9-e44cfed7c62f&Preview=1 -
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
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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
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Venture Investor
Undisclosed
