Elaia Partners, a Parisian private equity firm focused on digital economy-related technologies, has made a €1m investment in community-based wireless coverage maps specialist Sensorly SAS.
Sensorly said it aims to bring transparency to the wireless telecommunication market by enabling users to view accurate mobile data coverage maps, compare carriers and test the speed of their data connection for free.
The Paris-based company claims to have developed a unique perspective on mobile data quality of service, based on real-life users’ perspective, boasting more than 400,000 downloads of its application and 200 live 3G, 4G and WiFi coverage maps across 40 countries.
“Smartphone and tablet users are ever more dependent on mobile data connectivity for their daily activities. Sensorly enables its users to find the best network for them, across all wireless technologies, from Wifi to 4G/LTE,” Sensorly founder and CEO Boris Lacroix said in a statement.
“This financing round will enable us to grow our community of users worldwide and to further develop our services for consumers, enterprises and wireless carriers.”
Elaia partner Xavier Lazarus added, “As wireless carriers increasingly need to focus on quality of service and quality of experience, Sensorly’s crowd-sourced solutions can give carriers a unique opportunity to get actionable intelligence about their network quality directly from end-users devices and benchmark key indicators with their competitors.
“We’re very pleased to work with Sensorly’s team to help them grow their very promising business.”
The investment follows the recent final closing of the French firm’s Elaia Alpha fund, a €45m vehicle primarily dedicated to investing €500,000 to €1m tickets in seed-stage startups.
Copyright © 2013 AltAssets