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Triangle leads first round funding in TakWak


St. Leon-Rot, 18.01.2010


Munich-based TakWak GmbH, a spin-off from the leading fixed-mobile convergence provider fg microtec, receives €2.5 million from Triangle and ERP Startfonds to start operations and develop its unique, ruggedized outdoor device.

TakWak, founded by the serial entrepreneur Ramin Mirbaha and Dr. Thomas Hornung, who previously headed Siemens Mobile, will produce a rugged outdoor group navigation and communication device.

“Today’s outdoor enthusiast has to buy three different devices to have access to navigation and group communication. Our easy-to-use and stylish device offers all outdoorsman or outdoorswoman a real all-in-one alternative to existing technologies”, explains Ramin Mirbaha, TakWak’s CEO.

“To understand the market potential and customer requirements for dedicated devices that offer the user the best functionality and highest quality for a specialized application, TakWak’s K2 device can be compared with digital cameras or mp3 players”, says Uli W. Fricke, founding partner of Triangle. “The growing success of these items illustrates the customer’s desire for a high-quality device combined with the willingness to spend money on features and quality even though the same basic functionalities are available in converged devices such as mobile phones and smart phones. Furthermore, the popularity of outdoor activities and group vacations is growing at an up-market level. TakWak enters both growth markets, providing a unique multifunctional, dedicated outdoor-sports device based on cutting-edge telecommunication and space technologies to provide a radical new user experience.”

................................................................................................................................................

Triangle is an early stage venture capital investor with a focus on disruptive hard- and software applications for the IT, medical device and clean-tech industries originating from universities and research centers. The uninterrupted continuation of this strategy since 1997 makes Triangle one of the preferred investors in European research spin-off activities.

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please drop us a line:

Uli W. Fricke
Triangle Venture Capital Group

Marktstrasse 65
68789 St. Leon-Rot
Germany

Phone:
+49 700 87 42 64 53
+49 6251 80 08 30

Fax:
+49 700 87 42 63 29
+49 6251 80 08 39

u.fricke@triangle-venture.com
www.triangle-venture.com


Publisher Contact Information:

Triangle Venture Capital Group Management GmbH
+49 700 87 42 64 53
u.fricke@triangle-venture.com

Company profile of Triangle Venture Capital Group Management GmbH
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