Satellite Navigation App raises £350k in development capital through Beer & Young.
The latest injection brings the company total to £1.7m following major contracts with Nokia and Microsoft.
Provider of a free mobile navigation application offering global map availability and traffic data integration. The company employs forty staff and supplies mapping technology for luxury automotive manufacturers.
Beer & Young client Satellite Navigation App has secured an additional £350k in development capital, lifting its cumulative funding to £1.7m. The enterprise has recently signed distribution deals with Nokia and Microsoft, expanding its map availability across more than 85 countries and reaching 26m downloads.
Operating with a team of forty staff, the business has also secured an agreement to supply navigation equipment for high-end Italian sports cars. The fresh capital will support ongoing development of the mobile navigation platform.
Use of funds
- 01Continue product development
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About the company
Satellite Navigation App
The company provides a free mobile navigation application for smartphones.