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French Wireless Entertainment Firm InfraWorlds Raises $1.7 Million

Authored by Mark Hefflinger on April 12, 2005 - 10:10am.
Paris -- InfraWorlds, a France-based wireless entertainment start-up, announced that it has received more than $1.7 Million in first-round venture capital financing. Sofinnova Partners, a France-based private equity firm focused on the technology sector, led the round, with Lafayette International also participating. InfraWorlds said the investment would allow it to accelerate its international development and roll out new products. "This investment by Sofinnova Partners brings us additional financial resources and invaluable business support," said InfraWorlds founder and Chairman Camille Guermonprez. "Thanks to this commitment, we can confidently pursue our ambitious development program at the heart of the global market, which is estimated to grow to 7 billion euro by 2007."
http://www.infraworlds.com/press.html

tags: VC | InfraWorlds | French Wireless Entertainment |



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