BORDEAUX CEDEX, FRANCE, Mobiles Republic has received $6 million in funding in a Series B round led by Intel Capital.
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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 $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,' said Marcos Battisti, Managing Director for Intel Capital, Western Europe and Israel. 'Having multilingual support and a rich semantic engine, we see this is a best in class application with great international growth possibilities.'
'Their real-time semantic engine allows advanced personalized filtering and context aware advertising, which provides a very powerful value proposition towards advertisers and 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.