Milan, September 1, 2015 – IAG together with Embed Capital invests in GiPStech’s Second Seed Round.
Italian Angels for Growth partners (IAG) together with Embed Capital invested 400,000 Euro in GiPStech, startup that developed a solution for indoor localization, that is to allow locating people and objects indoor, where GPS is of no help, inexpensively and precisely manner utilizing a simple smartphone.
“We complete our investment strong of the positive feed-backs we are receiving from perspective customers, which include some of the most technologically advanced Companies worldwide, that shows how GiPStech succeeded in developing the best technology available today on the market with capital resources 20 times lower than competitors”
“IAG and Embed proved to be among the most attentive organizations in tech investment in Italy, and thanks to their commitment we will be able to respond with appropriate resources to the strong interest that are showing us many big players, firstly international ones but also national ones, that are in these weeks testing our solution to implement it in mass-markets or to provide us further funding”
The capital raised will be used by GiPStech to begin the market entrance with its solution, after completing the tech development thanks to the previous round by IAG. The beta version will be available in few weeks to be implemented by selected developers.
