Tuesday, July 29, 2008

deCarta, the leading supplier of software and services for the Location-Based Services has raised $20-million

What Company Is Offering:
deCarta is the leading geospatial software platform that has enabled some of the industry's most successful Location-Based Services (LBS) applications such as those deployed by Verizon, Sprint Nextel, AT&T, T-Mobile, Multimap and Hotels.com. The company's technology is ideal for high-volume LBS applications in the mobile, personal navigation, connected navigation, enterprise and Internet markets where scalability, speed and reliability are vital. deCarta's solutions are preferred by application developers and service providers who seek to leverage deCarta's unique core strengths of server-side and wireless LBS expertise, and also want the flexibility to customize map styles and self-brand.

How Much They Got From VCs:

deCarta, the leading supplier of software and services for the Location-Based Services (LBS) industry, announced today that it has raised $20-million in a Series C-1 round of financing. The majority of the financing was obtained from large strategic investors in recognition of deCarta's opportunity in the fast-growing market for mobile location-based services and navigation.

In addition to a previously announced investment from T-Mobile Venture Fund (announced June 10, 2008), deCarta received investments from two other strategic investors who have not been named. The Company anticipates announcing the strategic investors at a later date. International venture capital firms Hotung Group and TransLink Capital, as well as existing investor Norwest Venture Partners, also participated in the round. deCarta's relationship with Hotung and TransLink provides a unique window to mobile LBS business development opportunities in Asia.

More at:http://www.decarta.com

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