M-Spatial Raises $1.75 Million Funding

m-spatial, the Cambridge, UK-based mobile search and UI company, has received a $1.75 millio round, led by Prelude Trust, alongside co-investors Alta Berkley and Delta Partners. Prelude will be investing a further $325,000 in February 2006, having invested $3 million to date, representing a 31.75% stake in the company.
Founded in June 2001, m-spatial develops ‘Spatial Intelligence’ apps within mobile portals and their associated content services. m-spatial now has its eye on the local search market as a means to find suppliers of goods and services in an area.

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