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February 20, 2007
Spanish VC Nauta Backs US-based CarrierIQ
The flow of capital between the US and Europe isn't all one way. Sister-site the alarm:clock has the news that Spanish VC Nauta Capital invested €4M CarrierIQ, a wireless diagnostics company based in MountainView Calif.
Its software is targeted at wireless operators (CDMA) and is able to report-- "up to 200 variables by the hundredth of a second" -- on the wireless consumer experience.
Nauta is a new name to the a:c euro. It recently closed a $65M (€50 million) second fund. Its first was raised in 2004 and includes Southwing, Tao, CenterPost (acquired by West Corp) and The Node Company in the portfolio. It has offices in Barcelona and Boston and invests between $3-6 million in first and second stage telecommunications and technology companies with a special focus on wireless. The founders all have a background in wireless sector consulting.
It's a specialist firm in the mobile sector, a style that hasn't been the most stellar one for funds raised in the late nineties, but since they've raised a second fund within a three year period, no easy thing in Europe, they must be doing something different and better.
Read - Cellphone Bean Counter CarrierIQ (a:c)
Read - Barcelona's Southwing Financed (a:c euro)
Posted on February 20, 2007 04:46 AM | Posted to News And Updates | Permalink
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