Labotec closes an important Round of Funding
Miami, FL (March 15, 2010) Labotec announced today that it has secured a round of funding from major strategic partner Kima Ventures, founded by Jeremie Berrebi (Zlio, Net2One) and Xavier Niel (Free,Iliad). Europe-based fund Kima Ventures joins Kipost and FS Ventures as an investor in Labotec. The company plans to use the funds to accelerate growth in all areas of its business and to support its plans for massive scale in 2010.
Labotec is pioneering a new form of mobile applications publishing based on crowd-sourced ideas. Since its recent inception, Labotec has received hundreds of new project ideas from 27 countries. 3 applications have already launched (iSOS for Android, iMove2Music for iPhone, FakeSMS for iPhone) and 20 are slated for release by the end of the year. Labotec engages with innovators that have always dreamed to see their ideas commercialized and be given the right tools to succeed in the marketplace.
“Mobile applications are becoming a must-have for subscribers and carriers, Labotec has the potential to turn an idea into a great business” said Jeremie Berrebi, partner in Kima Ventures.
“Our goal is to produce a user-oriented portfolio of applications on mobile devices such as iPhone/iPad/iPod, Android or BlackBerry” explains Florian Seroussi, Labotec co-founder.
“Kima Ventures and its founders bring another layer of opportunities we couldn’t approach until now” says Pierre-Olivier Carles, CEO of Kipost.
According to research analyst Research2guidance, the surge in applications will be driven by a fast-growing number of smartphone users, estimated to increase from about 100 million in 2009 to nearly 1 billion by 2013. Yearly application revenues will rise from US$1.94 billion (2009) to US$15.65 billion in only four years, according to most recent research findings.
About Labotec Inc
Labotec’s mission is to select great application ideas for iPhone, iPod, iPad, Android or Blackberry, finance them, and gather the required resources together to go to market with a finished application on any Application Store.
For that purpose, Labotec has established a selection and approval process that is both simple and swift. Labotec Inc HQ is based in Miami, Florida, with an office in Toulouse, France.
About Kima Ventures
Kima Ventures fund launched in 2010 by entrepreneurs for entrepreneurs. Our goal is to support and finance innovative companies with seed capital all over the world and to promotes the growth of startups, supporting them in the fastest and most effective ways.
Kima Ventures partners with the best business angels and venture, funds, and invests primarily in projects that meet a simple need and have a simple business model.
Labotec Inc
20900 NE 30th Ave Suite 603
Miami, Florida, USA
Twitter: @Labotec
info@labotec.com
PR Contacts:
Europe
Stephane Menoret
stephane@labotec.com
+33 6 77 55 01 41
US
Florian Seroussi
florian@labotec.com
+1 417 262 6006
[...] Florida-based Labotec has landed a round of funding from Kima Ventures, a European early-stage investment fund founded by entrepreneurs and angel [...]
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[...] Florida-based Labotec has landed a round of funding from Kima Ventures, a European early-stage investment fund founded by entrepreneurs and angel [...]