gate5 – Trade-sale to Nokia (2006)

  • Specialist of mapping applications on mobile phones.
  • Based in Berlin, Germany.
  • IPSA 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).
  • IPSA Funds registered a multiple of 9.3 and an IRR of ~140%.