News Republic and Appy Geek Developer, Mobiles Republic, Secures US$6 Million Investment Led by Intel Capital
Series B Investment from Intel Capital, XAnge Private Equity, and Creathor Venture Empowers News App Maker to Expand in the US and Internationally, and to Further Enhance Award Winning Apps
SAN FRANCISCO, Oct. 22, 2013 /PRNewswire/ -- Mobiles Republic®, a leading global syndicator of trusted news apps for mobile devices, today announced at the Intel Capital Global Summit that it has secured US$6 million in funding in a round led by Intel Capital. This Series B investment also includes a second round from XAnge Private Equity and Creathor Venture, and will support Mobiles Republic's product development, expansion in the US, as well as its marketing and global sales efforts worldwide.
"Mobiles Republic is already one of the major news aggregator apps targeted at mobile platforms. Having multilingual support and a rich semantic engine, we see this is a best in class application with great international growth possibilities," said Marcos Battisti, Managing Director for Intel Capital, Western Europe and Israel. "Their real-time semantic engine allows advanced personalized filtering and context aware advertising, which provides a very powerful value proposition towards advertisers & publishers."
"We have spent the past few years building this company upon the foundation of the superb technology of our market-shaping apps," said Gilles Raymond, Chief Executive Officer, Mobiles Republic. "We are pursuing a vision to grow in the United States and in additional international markets, to build a sustainable mobile news ecosystem for our news partners, and to boost our semantic and predictive technology to improve user experience and increase monetization. With Intel's global presence and unique value proposition into tablet, smartphone and wearable market segments, Intel Capital is the ideal investor to help contribute to our growth."
Mobiles Republic's apps, including its flagship app News Republic®, offer news from more than 800 partner sources including Associated Press, Sina, CNET, Engadget, Elle, the Financial Times, the Huffington Post, and The Guardian, and are therefore trusted sources of news. Mobiles Republic apps also include the popular tech news app Appy Geek™; as well as Appy Gamer™, GlamLife™ and Sports Republic™, each specific for news enthusiasts in the gaming, celebrity gossip, and sports sectors, respectively.
Mobiles Republic Apps ̶ Smart, Easy and Social
Each app serves up news in an easy-to-use, simple-to-customize elegant layout optimized for iOS (iPhone/iPad/iPod), Android (smartphone or tablets) or Windows 8 (tablets) devices. Unlike other apps, they do not crawl the Web or rely on RSS feeds which often serve up unintelligent and unrelated news topics, or serve up only partial articles. Mobiles Republic apps include full news articles, plus access to news photographs and videos, this within the one app with the source readily identified that a user can trust. The apps include easy share, store and comment social media integration with LinkedIn, Facebook and Twitter. The news is viewable whether the app is online or offline – highly convenient for travelers. In addition, custom news alerts can be turned on or off for a user to closely follow particular news of interest.
As a backbone to each app, Mobiles Republic's TagNav™, the company's proprietary multilingual and localization smart search technology, delivers news personalized to a user's specific tastes and language requirements. For example, the app can be viewed in eight editions including English (US, UK and International English versions), Chinese, French, Italian, German, Spanish, and easily personalized by each user for their own individual news interests based on more than 1,000,000 topics!
About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,322 companies in 54 countries. In that timeframe, 204 portfolio companies have gone public on various exchanges around the world and 336 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
About XAnge Private Equity
XAnge Private Equity is a regulated private equity vehicle with 360 million Euros under management. Active in France, Germany and Western Europe, XAnge is a multi-corporate fund with both industrial and financial LPs. The XAnge venture team primarily invests in fast-growing companies of the digital, mobile, Saas software and fintech areas.
About Creathor Venture
As a leading European venture capital firm, Creathor Venture is an independent fund company investing in technology-oriented companies and entrepreneurs. The focus is particularly on mobile, e-, m-, s-commerce, media, cloud, life science, mobile health and diagnostics. The regional focus is on Germany, Switzerland, France, Austria and Scandinavia.
About Mobiles Republic
Mobiles Republic is transforming mobile news consumption. Its apps include News Republic®, Appy Geek™, Appy Gamer™, GlamLife™ and Sports Republic™, and have more than 15 million active users from app store downloads plus millions more, counting preloads on mobile devices from such vendors and partners as Lenovo and HTC. Mobiles Republic's proprietary news engine generates more than 10 million page views per day of licensed and trusted content, and has generated billions of news article views to-date. The company, headquartered in Bordeaux, France, has offices around the globe including in Beijing, China and US headquarters in San Francisco, California. For more information, visit www.mobilesrepublic.com, Twitter: @MobilesRep, or see News Republic Youtube video. For further information, please contact Jody Privette Young at email@example.com.
SOURCE Mobiles Republic
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