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GCP provides seed backing for app developer 42matters

9 Sep 2011

Austrian technology growth firm Gamma Capital Partners has backed Swiss mobile application developer 42matters.

The firm made the investment through its Gamma III fund. This seed investment is Gamma III’s second in the mobile space within the last 12 month. In 2010 it backed Austrian Augmented Reality provider Wikitude.

The Zurich-based mobile start-up develops and markets AppAware, a mobile app that helps users to discover new apps and share them with friends.

This first investment will help create fundable events for an A-Round investment 2012, the firm said.

Shareholders alongside the founders and Gamma III include UCTec Beteiligungsgesellschaft and serial entrepreneur Christophe Maire.

Founded in 2002, GCP has raised €100m and manages three venture capital funds. It also started its mezzanine investment activities in 2008 and launched its GMP Gamma MezzoPreneurs vehicle and the fund of funds GIC Gamma Investment Corporation.

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