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Wireless - Friday, December 21, 2007

Zeetoo Funded For CellPhone Joystick

Spanish VC firm Nauta, together with Commonwealth Ventures and Egan Capital have invested in Boston's Zeetoo. The total transaction amount is 4.7M Euros. Zeetoo is a technology licensing company focused on harnessing the abilities of the human hand to make text entry faster and easier on hand held devices including cell phones. Zeetoo’s first commercial product is a wireless joystick for mobile gaming that is designed to improve the user experience for next generation mobile games.

Zeetoo is led by Dr. Beth Marcus who says she has been involved in 9 start-ups in a variety of fields as a founder, investor, or advisor. She has raised private equity several times and has also done angel investments. Three of these ventures have been acquired by public companies - including Exos which was bought by Microsoft in 1996. The resulting product was the SideWinder Force Feedback Pro joystick.

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