Founders, Prime Ventures, Newion Private Plus Fund.
In July 2011 Service2Media announced that it received $10 million (US) investment from Prime Ventures and Newion Private Plus Fund.
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Sake Bosch, Managing Partner of Prime Ventures: “Service2Media offers a unique proposition in the fast developing app market. It goes beyond just building apps, and helps global corporations and brands with
their core and critical app portfolios throughout their lifetime. This includes the overall process of app strategy and design, to distribution and analytics. We strongly believe in the uniqueness and strength of this proposition, and are keen to support the company’s further success and growth.”
Patrick Polak, Managing Partner of Newion Investments: “Service2Media is an interesting player in an attractive space – Gartner expects this trend to hold during 2011 through 2015 – as the number of smart devices accelerates. As a long-term partner we already had a stake in the company and have been impressed with its great success and continued growth. Our investment will certainly help to maximise Service2Media’s potential.”
This investment strengthens Service2Media’s financial position and will help it to expand its partner network. It will be used to grow Service2Media’s organisation, seeking out and recruiting R&D talent, and further developing Service2Media’s App Lifecycle Platform™ – M2Active. Geert Kolthof, CEO Service2Media explained: “Independent industry analysts have identified us as one of the leading companies addressing the growing need for “Apps designed once – Apps deployed on multiple devices – Apps evolved throughout their lives”. The investments by Prime Ventures, PPM Oost and Newion Private Plus Fund will help us focus on areas such as talent recruitment and expanding our partner network which will ensure the further growth and development of our business.”
Participatiemaatschappij Oost Nederland (PPM Oost) invests in promising companies that profile themselves as trendsetters or leaders of the regional economy, especially in Life Sciences & Health, Agro-Food, Manufacturing Industry, High-Tech Systems & Materials and Energy & Environmental Technology. PPM Oost invested in Service2Media in 2013.
This investment will strengthen Service2Media’s position and help to expand business. It will be used by Service2Media’s R&D team to bring the App Lifecycle Platform™ – M2Active to the next level.