MOOTWIN Raises €1M

MOOTWIN, a Saint Vincent de Mercuze, France-based developer of a technology platform for real-time applications on mobile phones, recently completed a €1m venture capital funding.
Investors in the round include Rhône-Alpes Création, Expansinvest, Crédit Agricole Alpes Développement and Héléa Financière. This latest round follows the investment made by TeamGroup in 2008.
The proceeds from the financing will be used to accelerate the company’s commercial and technical development. In particular, MOOTWIN is planning to open commercial offices in Paris, as well as to broaden its offer through an R&D program.
The company’s technology enables mobile applications to perform real-time and fast data exchanges while providing a framework for reducing time of development and, as well as simplified maintenance.
Consequently, MOOTWIN provides content publishers with an innovative way to deliver text, photo, video without limits. The company also builds applications on demand.

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