Euro Ventures - Saturday, December 5, 2009
Apsmart Receives Funding from DN Capital
Smartphone solutions provider Apsmart received an undisclosed amount of funding from early stage and growth investment firm, DN Capital. The young/stealth startup will capitalize from DN Capital and its collective knowledge of the mobile technology industry.
Based in London the company was founded by Rahul Powar (formerly a lead developer at Shazam). Aspmart develops mobile solutions for organizations to bring applications to smartphone platforms i.e. iPhone, Android, RIM and other smart devices. This deal comes out of Rahul's longstanding relationship with DN Capital, which formerly funded Shazam. The DN Capital team has helped Powar establish a growth and expansion strategy for this new venture. It has fixed aim on "high-end smartphone platforms" for service delivery and applications development.
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By Hanif O'Neil
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