GeoSentric raises $13.1M for geo-social networking technoloy — though remain secretive

September 11, 2007 | Matt Marshall

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.

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Tags: deal, GyPSii

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.