Wednesday, September 02, 2015

Gestigon Closes Third Financing Round

gestigon GmbH, a startup based in Lübeck, Germany, has announced that it closed a third financing round (Series A) in July 2015. The lead investor is nbr technology ventures GmbH, with additional investments from Vorwerk Direct Selling Ventures and High-Tech-Gründerfonds. According to CEO Moritz v. Grotthuss, the amount raised in this round was “several million” USD.

The company will use the funds to accelerate growth in its business, which is focused on licensing its gesture control and skeleton tracking middleware to key corporates in the automotive (where it has assumed global market leadership), consumer electronics, and augmented/virtual reality industries. It now has plans to expand into the rapidly growing field of augmented- and virtual reality solutions, including head mounted devices.

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