Mobilizy Receives VC Funding From GCP and tecnet

Mobilizy GmbH, the mobile device software startup, is beginning the venture capital stage of development with investments from GCP gamma capital partners (GCP) and tecnet capital. GCP’s investment will come through its Gamma II fund, which just recently completed successful exits of 123people and FatFoogoo.

Estimates peg the market for mobile apps to be near USD 2.2 billion by the year 2015. GCP believes Mobilizy is in a prime position to become a major global player in the market by then.

Mobilizy GmbH (www.wikitude.org/team)
Mobilizy is a software developer for applications used on mobile devices, particularly smart phones. They specialize in technology known as Augmented Reality, in which real-time data is overlaid onto images taken by the device’s camera. The technology is especially attractive to the tourist industry and others who manufacture navigation devices.

The firm’s first two releases, WIKITUDE WORLD BROWSER and WIKITUDE DRIVE have already won numerous awards both nationally and internationally.

The firm is based in Salzburg, Austria.

GCP gamma capital partners AG (www.gamma-capital.com)
GCP is a venture capital investment firm established in 2002. The firm’s three funds, iLab24, Gamma II, and Gamma III consist of a total of €80 million in managed assets. Two more funds are used as vehicles for mezzanine investments.

GCP looks for VC and equity projects in the technology sector; family-owned businesses are especially attractive. Among GCP’s investors are both private and institutional investors from around the world.