In case you haven’t read the news on sites such as TechCrunch or VentureBeat – we are finally able to announce our $2 million investment from top European venture firm Sunstone Capital.
This cash infusion is great timing for us, as this comes on the heels of Apple’s iOS 8 launch, along with Google’s next Android release. Both of which promise deep integration with beacon technology, based on the expectation that beacon and smart device interaction will be a daily experience.
We already invest heavily into researching new technological possibilities – so our focus on using this investment will be to expanding our global market reach, and accelerate product roll-outs (of which BTW – we have something new coming out soon – shhhh).
Dr. Max Niederhofer, General Partner at Sunstone Capital, will join our board of directors. His reasons for choosing our company: “We conducted a comprehensive review of all vendors in the space. Kontakt.io had by far the most compelling vision, on top of an incredibly advanced operations management, stable supply chain and a phenomenal customer base. We’re very excited to be supporting the team.”
Szymon Niemczura, co-founder and CEO of Kontakt.io had this to say: “We started this company with our own money and were profitable in the first month. We are thrilled to be working with Sunstone Capital, who share our limitless ambition.”
All in all – this investment further cements the notion that Bluetooth Low Energy and iBeacon are the building blocks of the next wave of computing. Notifications and event triggers based on proximity, will have a profound impact on our mobile experiences – and the possibilities we have already discovered are sure to excite the growing smart device user-base.
The market is growing fast, and the future for all beacon platforms looks even brighter.
Sunstone Capital is a leading European venture capital firm with over $1 billion assets under management. Since 2007, Sunstone has invested in early and growth stage European companies, including notable businesses such as Prezi, Podio (acquired by Citrix), GetYourGuide and many others.