Singapore’s investment sector has seen some buzz lately, with Vickers Capital Group, an early-stage venture firm with offices in Shanghai and Singapore, announcing a new investment in Lotaris, a Swiss-based mobile technology company.
Vickers has led the US$9.5M (S$7.36M) Series A round with co-investors, Credit Suisse and Lausanne-based Eurofin Capital. This strategic partnership will bolster Lotaris in the Asian markets and secure growth in resources for both companies.
Lotaris services large mobile software vendors by allowing them to embed technology within their apps that conduct sophisticated data anaysis that gives insights on customer usage patterns. Based on these insights, vendors can decide how best to monetize their app.
Dr Jeffrey Chi, managing director at Vickers: “Lotaris’ strong partnerships with recognized companies, including IT leaders, provide immediate and global credibility. The company’s platform is about to revolutionize the way mobile apps are distributed and activated.”
Robert Tibbs, founder and CEO of Lotaris, said: “The hands-on value of Vickers strategic advice and relationships in Asia and across the globe, and our experience in working with them over the past year convince me of a joint vision that is both long-term and aggressive.”
He added: “The explosive growth in mobile apps demands assertive but sure-footed expansion. This ideal combination of Swiss and Asian capital and influence, combined with truly exceptional new partners will propel us into a leadership position.”
Vickers’ core management team has been working together since 2005, focusing on venture capital investments in Asia. Their track record includes investments in hits like Baidu.com, Focus Media Holding, Kongzhong Corp, and Cambridge Real Estate Investment Trust. In Q2 2011, they invested US$3M (SG$3.7M) in Shanghai-based gaming development house, Spicy Horse, in the second quarter of 2011.
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