SoLoMoCo
5 rue de la Baume, Paris, Île-de-France, 75008, France
Overview
SoLoMoCo is a mobile internet company investing in 4 categories: SOcial Media, LOcal Ads, MObile Services and COmmerce Platforms. The "Business Incubator Holding" operates as a hands-on Investment Fund bridging the gap between business angels and traditionnal VC firms in a fragmented mobile ecosystem but concentrated in the Paris hub area. The holding is managed differently from than a traditional seed & venture capital firm because it operates with shareholders in a technology incubator without limited partners. The holding often co-invests with Paris-based Truffle Capital. It aims to make 5-10 investments in the next 2 years.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Utel
Participated · Equity · Jun 2011
Utel SAS is a Paris-based creator of social networking mobile applications focused on helping people meet each other. Led by CEO Nicolas Grumbach, the company has developed casual dating apps including the encounter service Fotochat. Its product lineup is centered on mobile platforms and the company highlights convergence across mobile, TV and tablets. Utel plans to use new capital to develop features and monetization tools. The company also intends to expand abroad to capture international markets. Utel recently raised €2.8m in funding to support these initiatives.
Team
No current team members are available.