deCarta raises $6M from T-Mobile Venture

Kim Fennell
Kim Fennell
Geospatial platform provider deCarta yesterday announced a fourth round of venture capital funding which includes a strategic investment of $6 million from T-Mobile Venture Fund managed by T-Venture, the venture capital arm of Deutsche Telekom AG. The total amount of this round is said to be approximately $20 million; however, “additional investors in this round will be announced at a later date” said deCarta's statement.

T-Mobile Venture Fund joins deCarta´s existing premier investors Cardinal Venture Capital, Mobius Venture Capital and Norwest Venture Partners. deCarta had already raised $32 million since 2003.

Self described as the “arms dealer of the LBS industry” by its CEO Kim Fennell, deCarta’s platform is used by a large number of online and mobile map-related applications: Telenav, Networks in Motion, Appello, Loopt,,, Zillow and many websites of Yellow pages companies.

This round of funding is” focusing on investment from partners with whom we can develop commercial relationships that go beyond the investment; T-Mobile Ventures for instance invests in companies that bring promising technologies to the T-Mobile operating companies”, wrote Marc Prioleau, vice president of marketing at deCarta, in an email to GPS Business News.

This is the second investment made by T-Mobile Venture Fund in the location-based services market in a matter of weeks, after taking a stake in Seattle-based Pelago (read more here).

Wednesday, June 11th 2008

Nav & Telematics | Sport and Outdoor | Location Based Services | Tech & Innovation | Market Data | Finance & Legal | People and Jobs | Voices of the industry | Press Releases