According to The echoes, Mootwin, a start-up specializing in the development of mobile applications, is expected to announce today a second fundraising of € 4M, from Naxicap Partners Création, Seventure Partners and its historical shareholders.
Founded in February 2008, the young shoot offers an application development platform. Specialized in real-time solutions, Mootwin is specifically aimed at financial institutions, so that they can build “efficient mobile services interconnected to their computer systems”.
This capital increase should enable Mootwin to develop its sales team, strengthen its marketing activity and accelerate its international deployment. The start-up already opened subsidiaries in Frankfurt and San Francisco last summer, as well as an office in New York. It already had offices in the Paris region and in Grenoble.
With 23 employees, Mootwin is targeting a turnover of € 1.2 million for 2011 against € 450,000 in 2010. According to Claude Lemardeley, President of the company, quoted in Les Echos: “Profitability should be there next September. “