Mobiles Republic closes USD $3 Million Series A funding round
"With this investment, we will be able to accelerate our growth, continue to federate more publishers on top of the 300 that have joined us, and continue our expansion capitalizing on our multilingual semantic engine," said Gilles Raymond, CEO, Mobiles Republic. "We are very pleased to have the support of XAnge Private Equity and Creathor Venture, who believe in our mission to be the worldwide leader in personal media apps on the four screens."
Through content partnerships with major news providers, Mobiles Republic's apps deliver thousands of news articles a day, but allow users to filter this mass of information down to the exact stories that interest them. The apps are widely popular in the U.S. and internationally, with News Republic, APPY Geek and Glam Life all claiming Top 10 positions in the Android Market upon launch.
"With 100M Pages Views per month threshold achieved in only 12 months, we are impressed by Mobiles Republic's rapid expansion in Europe and the U.S. based on major content partnerships, unique expertise in monetization and amazing real usage per unique visitor.
On top of their semantic engine, the granular personalization options represent a major differentiating factor in the market," said Cyril Bertrand, Partner at XAnge Private Equity. "The news app sector has been garnering a great deal of attention, and Mobiles Republic, with an extremely efficient four screens strategy, has been well positioned as market leader since 2009 through its relationships with manufacturers - OS providers and publishers, as well as the ability to monetize. We are proud to accompany Mobiles Republic as lead investor right from the very beginning" adds Dr. Gert Köhler, Founder and CEO of Creathor Venture.
About Mobiles Republic
Founded in 2008, Mobiles Republic quickly established a reputation for innovation and excellence in developing successful apps for the smartphone market as well as award winning apps for feature phones including the prestigious Sony Ericsson Content Award. Mobiles Republic has developed TagNav©, a semantic search and semantic targeting solution that powers its News Republic, APPY Geek, Biz Report and Glam Life applications. The company has expanded rapidly and has established strong relationships with leading publishers, global media brands and handset manufacturers as well as extensive partnerships with mobile network operators. Mobiles Republic applications are preloaded on Samsung Mobile, Motorola and Sony Ericsson handsets in several regions. You can follow News Republic on Facebook and Twitter.
XAnge Private Equity, a subsidiary of La Banque Postale, is a portfolio management company licensed by the French financial markets authority AMF to operate in private equity.
It manages or advises:
- an original multi-corporate sector-based division that invests in innovation in the area of digital exchange through the venture capital firm XAnge Capital and the XAnge Capital 2 venture capital fund. With total assets under management of more than EUR110 million, its investor base consists of industrial and service-sector businesses linked to the La Poste group (through La Poste SA and Banque Postale) together with Alten, its technology partner, Deloitte and Neopost, and various institutional investors, including in particular Allianz France, CDC and CNP Assurances.
- a growth/buy-out capital division through the XPansion fund (EUR50 million), and
- eleven innovation funds and a general purpose investment fund representing assets under management totalling EUR160 million and the private equity sub-fund of the Actys 2 fund of funds entrusted to it by La Banque Postale Asset Management.
XAnge also has a direct innovation investment activity in Germany, based in Munich, and advises DVC (Deutsche Bank group) for the management of its technology portfolio.
XAnge builds local relations with regional companies in the South-East of France through its dedicated office in Lyon.
Assets under management or advised by XAnge Private Equity totalled EUR375 million at the end of 2011.
Creathor Venture Management GmbH
Creathor Venture is an independent, globally active and entrepreneurial venture capital firm. Currently, Creathor Venture has funds of more than 150 mill EURO under management and invests in technology-oriented companies and entrepreneurs in the IT, telecommunications, media, new materials, electronics, nanotechnology, cleantech and life science industry. The management members of Creathor Venture are the founder of the former Technologieholding VC GmbH, Dr. Gert Köhler, Ingo Franz and Karl Heinz Schmelig. The team is over 20 years successfully active in the early-stage venture capital business. The financing and development of more than 200 technology companies as lead investor and more than 20 international IPOs and numerous trade sales show the experience of the team. In the past, Creathor has achieved fund returns significantly above average. Creathor Venture manages actually a portfolio of 28 companies, each as lead investor.
Investors of the current fund Creathor Venture II include European Investment Fund (EIF) through which Creathor Venture II receives funding originating from the ERP-EIF Dachfonds and the Multiannual programme for enterprise and entrepreneurship (MAP) of the European Union, fundof- funds, family offices, entrepreneurs as well as Creathor's team.The management is as the largest investor of the funds with over €50 mill. invested. The company is based in Germany, in Bad Homburg with a branch office in Tutzing (near Munich). In Switzerland, it is based in Zurich.