App Developer Project Zebra Secures Investment From Venista Ventures

LONDON, April 7, 2011 /PRNewswire/ -- Aiming to further develop its range of fast-growing, location-based iPhone applications, London-based software development house Project Zebra today announced it has secured an investment (amount undisclosed) and collaboration commitment from Venista Ventures, a Cologne, Germany-based venture capital firm that concentrates on the mobile sector. "The agreement ensures our company has the equipment, infrastructure and qualified staff we need to take Project Zebra's software solutions to the next level," said founder and CEO Barry Scott.

Project Zebra is the company behind the successful iPhone game foursqWAR, a location-based app game in which players combat with virtual troops for buildings that exist in the actual world. The game is available on the Apple's App Store and will be released on additional platforms later this year. In foursqWAR, users take on the role of military tacticians as they defend their home buildings and invade enemy territory.

Venista Ventures decided to invest in Project Zebra based on its strong performance and huge potential in the location-based smartphone games arena. "We believe that Project Zebra holds tremendous promise," said Oliver Wimmeroth, co-founder of Venista Ventures. "Foursqwar in particular is a real winner, and with the further improvements Barry has in the pipeline I can see it setting new standards for smartphone gaming-socializing-marketing integration."

Project Zebra Ltd. is based in London, United Kingdom, and led by founder and CEO Barry Scott, an entrepreneur and iOS development specialist. The company was established with the help of an investment from Cologne, Germany-based Venista Ventures.

Venista Ventures is a Cologne, Germany-based mobile ventures group specializing in early-stage mobile entertainment and value products. It secures the seed financing, technical expertise, marketing knowledge and international connectivity necessary to guide mobile media ideas from concept to market.

Press Contact: [email protected], +49(0)221-48-53-54-27

For more information visit http://www.projectzebra.com

SOURCE Venista Ventures GmbH & Co. KG