DT’s T-Venture Puts $6 Million In LBS Firm deCarta
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San Jose-based location-based services software maker deCarta has received $6 million from Deutsche Telekom’s (NYSE: DT) T-Venture VC arm. deCarta makes an SDK and API for GPS navigation, a mapping engine and web-hosted services, all designed to help app developers and mobile operators roll out location-aware offerings. This is part of a larger round, with other investors announced at a later date. Existing investors include Cardinal Venture Capital, Mobius Venture Capital and Norwest Venture Partners.
SEE ALSO: Location-Based Software Firm deCarta Gets $15 Million Funding
By Robert Andrews
@robertandrews
Jun 10, 2008 3:18 AM ET
@robertandrews
Jun 10, 2008 3:18 AM ET
Posted In: Money, M&A & Venture Capital, Technologies / Formats, GPS Navigation & Maps, decarta, t-venture
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