gate5 - Trade-sale to Nokia (2006)
- Specialist of mapping applications on mobile phones.
- Based in Berlin, Germany.
- Innoven lead investor of a 4.5M€ fundraising in December 2003.
- Main shareholder of Gate5.
- Global investment : 4.7M€.
- Co - investor: Target Partners.
- Significant growth in the turnover with the GPS manufacturers and important partnerships with major phone manufacturers and telecom operators.
- Gate5 acquisition in October 2006 by Nokia, in the frame of its new services strategy and its range of GPS mobile phones (N95).
- Innoven Funds registered a multiple of 9.3 and an IRR of ~140%.