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GP Bullhound advises Flatfrog on its €12.5m financing

GP Bullhound advises leading developer and manufacturer of optics-based multi-touch kits and subsystems Flatfrog on its €12.5m financing

20th January 2010

GP Bullhound, the technology investment bank, today announces the completion of a €12.5m financing round for FlatFrog Laboratories AB, a leading developer and manufacturer of optics-based multi-touch kits and subsystems. The investment was co-led by Invus, an international equity investor, together with Promethean, a world leader in the rapidly growing global market for interactive learning technologies. Existing investor Sunstone Capital, the Danish Venture Capital firm, also participated in the round.

FlatFrog’s Executive Chairman and founder, Christer Fåhraeus, commented:

“We are delighted to have secured this important capital injection from Invus and Promethean, as well our current investor Sunstone Capital. Throughout the process I have been delighted by GP Bullhound’s skill at issue resolution and their commitment to driving all parties towards a successful closing.'

Founded in 2007, FlatFrog is revolutionizing the touch industry by providing the industry’s first true multi-touch systems in a slim form factor. FlatFrog’s optics-based multi-touch subsystems offer unparalleled performance specifications for displays ranging from 5” to 100”. The company’s OEM and integrator customers incorporate FlatFrog technology into such products as multi-touch tabletops, digital signage and whiteboards, point-of-sale, gaming and medical displays, etc. FlatFrog is a privately held company headquartered in Lund, Sweden, just across the bridge from Copenhagen Airport.

Publisher Contact Information:

GP Bullhound Limited

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