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Navitell Raises $3 Million For Mobile Storyteller Software

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Belgium-based Navitell has secured almost $3 million (or €2 million) in funding from FPIM, an investment holding company operated by the federal government, according to TechCrunch. From the company’s website, Navitell develops a number of different mobile platforms, but a good example is how its StoryTeller software will provide an audio or visual walking tour based on GPS, which may be handy if you are traveling. There’s other versions for boats, cars and motorcycles. And other platforms of the software offer you cooking lessons or a personal coach, if for example, you are trying to lose weight. TechCrunch reports that the company is getting ready to launch an international web-based marketplace for “mobile stories,” and the cash will be used for development and expansion into other countries.

Jan 19, 2009 12:06 PM ET

Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Technologies / Formats, GPS Navigation & Maps, fpim, navitell

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