GeoSentric, an Amsterdam-based maker of geo-social networking technology, said it has secured $13.1 million in a financing round.
The financing was led by Horizon Group and Schroders Private Bank.
Here's the statement.
The company is led by former senior executives from Netscape, Oracle and AOL/Time Warner, and it is about to launch a site called GyPSii, which remains closed.
Dan Harple, Executive Chairman of GeoSentric, said in a statement that the company combines search, location and personal content in a new form of geo-social networking; connecting people with people, with the places they frequent.
According to the statement:
GeoSentric's flagship product is the GyPSii platform, which uses pioneering geo-location software technology to connect people to people, and people to places with new and exciting social community and location-specific services...GeoSentric develops high value solutions that deliver unique geo-based consumer and business applications that integrate a mobile user's world with their desktop, digital television and PND devices.