T-Mobile Venture Fund Makes Strategic Investment in deCarta

Company: deCarta (formerly Telcontar) Industry: Location-based Services (LBS) Location: San Jose, CA, United States of America San Jose, CA-- deCarta, the leading supplier of software and services for the Location-Based Services (LBS) industry, announced today that it has received a strategic investment of 6-million dollars (USD) from T-Mobile Venture Fund managed by T-Venture, the venture capital arm of Deutsche Telekom AG. T-Mobile Venture Fund joins deCarta's existing premiere investors Cardinal Venture Capital, Mobius Venture Capital and Norwest Venture Partners. Location-based services are experiencing rapid adoption as consumers are using new applications that take advantage of location-enabled handsets. Location and mapping services have become a central ingredient in most mobile Internet platforms. deCarta's... [read full story]