« New Investor For Rotundus' Rolling Robocop | Main | This Time Around Europe Is Disruptive »
September 21, 2006
Barcelona's Southwing Financed - Bluetooth Bonanza
Showing that not just France and the UK can create quick growing Bluetooth startups, Barcelona-based Southwing has raised €5M from funds managed by Riva Y Garcias, to finance expansion plans and for continued R&D. The investors sent us the news this morning.
Founded in 2000, Southwing makes Bluetooth headsets and hands-free kits for cars. Like Parrot SA in France, which makes the same category of Bluetooth product and recently floated, Southwing is also reporting strong growth. It had sales of €9.5M in 2005, a figure that is expected to double this year. Headquarters are in Barcelona, with offices in France, UK, Germany and USA and the company has 45 employees.
It has earlier investors, namely Nauta Capital and Debaeque Venture Capital. The new investor said it acquired a minority stake.
Posted on September 21, 2006 10:17 AM | Posted to News And Updates | Venture Capital | Wireless | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/2079
