Jentro raises $29M for GPS mobile software, mostly from NEA
Munich, Germany’s Jentro Technologies, a GPS-based mobile software and services company, said it has raised $29 million in a first round of capital.
Most of that came from New Enterprise Associates, the Silicon Valley firm, which invested $28 million. The investment is the firm’s first foray into Germany. Catalyst Venture Partners, and earlier investor, provided the remaining $1 million.
The technology is designed to give users of Java-enabled mobile devices location-based and navigation services from their phones, including voice guided 3D mobile navigation.
The statement is here.
Jentro has now raised a total of $35 million since 2003.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












