Location-based services software and services supplier deCarta announced it has received a strategic investment of $6 million dollars from T-Mobile Venture Fund, the venture capital arm of Deutsche Telekom. T-Mobile Venture Fund joins deCarta’s existing premiere investors Cardinal Venture Capital, Mobius Venture Capital and Norwest Venture Partners.
deCarta’s geospatial software platform provices the ability to quickly build and deploy applications that integrate a wide variety of map and data sources to provide complex local search, navigation, mapping, social networking and spatial search functions. deCarta’s customers have location-based applications running on Alltel, AT&T, Bell Mobility, Boost, Sprint Nextel, Telus and Verizon Wireless, and more than eight mobile operators in Europe.
“We’re very proud that T-Mobile Venture Fund recognizes the strength, position and value that deCarta has as a vital, central player of the LBS market,” said J. Kim Fennell, president and CEO of deCarta, in a statement. “Their strategic investment is a firm endorsement of the pivotal role deCarta plays in accelerating the delivery of location-oriented mobile applications and services to consumers around the world through our extensive network of LBS developers and partners.”
Filed Under: Carriers
