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Skype investor buys stake in cellity


cellity, a leading specialist in Mobile 2.0 applications, is continuing on its growth path. Venture capital investors Mangrove Capital Partners, Neuhaus Partners and b-to-v are acquiring equity holdings in cellity. The size of the investment is in the high seven-digit region.
Following their principle of “smart money for smart ideas,” Mangrove—already a seed investor in Skype—is acquiring shares in a German company for the first time. This investment underscores cellity’s innovative depth and potential for growth. Another first is the cooperation between Mangrove and Hamburg-based venture capitalist Neuhaus Partners. Neuhaus Partners invests in startups within the telecoms and new media sectors. A business “angel network” based out in Switzerland, b-to-v is yet another solid financing partner whose experience will be helpful as cellity pursues its visionary strategy into the future.
“We look forward to working with our investors, who already have a strong track record in software and the telecoms business,' says cellity CEO Nils Weitemeyer. “This new financial support will enable cellity to get off to a strong start internationally and continue its development of mobile innovation,” he adds.
“Thanks to its innovative products, cellity has the potential to clearly set itself apart in the fast-growing mobile applications market,” says Hans-Jürgen Schmitz, managing partner at Mangrove.
The additional capital will primarily be committed to support the company’s international business growth. In the next few days the Hamburg-based company plans to announce its “cellity worldCALL” product.

cellity AG was founded in Hamburg in October 2006 and develops innovative applications for cell phones. In February 2007 the company launched its automated least-cost router for cell phones, the first product of its kind in Germany. In the meantime products such as its text messaging product cellity freeSMS and Twitter client have been added to the Hamburg company's product portfolio.


Additional investor information:

Mangrove Capital Partners
Mangrove Capital Partners provides visionary young entrepreneurs with support as they build their world class companies—and does so right from the start. As a consulting partner, Mangrove considers its primary task to assist companies in all aspects and through all phases of their development. Mangrove’s primarily invests in Internet and software business ventures. Mangrove was the first institutional investor in Skype.

Neuhaus Partners
Founded in 1997 by Dr. Gottfried Neuhaus, Neuhaus Partners GmbH (formerly Dr. Neuhaus Techno Nord) is based in Hamburg and is one of Germany’s leading independent venture capital companies. The company invests in technology companies throughout Europe.

BrainsToVentures
BrainsToVentures AG (b-to-v) serves entrepreneurial private investors seeking to invest their capital, network and expert knowledge in fast growing companies. By specifically combining the knowledge of investors as part of a network, b-to-v is breaking new ground as an “angel network” specialist.

cellity at a glance
• Lower cell phone charges for calls from Germany to all other networks
• cellity can be used without switching providers or replacing your SIM card
• Send and receive text messages free of charge worldwide using cellity freeSMS
• Save up to 60 % on calls to other German networks
• Save up to 90 % on international call to over 70 countries
• Runs on Symbian, Java and BlackBerry operating systems
• Fair 60/1 billing intervals
• No basic monthly fee, no fixed term contracts, no minimum charge
• Monthly billing via prepaid credit balance
• Funds added using PayPal or credit card

cellity AG
Based in Hamburg, Germany, cellity AG was founded by Nils Weitemeyer, Sarik Weber, Tim von Törne, Benjamin Körber and Matthias Lanz in October 2006. cellity AG offers innovative mobile telephony services based on its own software technology. In addition to ce


Publisher Contact Information:

cellity AG
+4940888815308
sarik.weber@cellity.com

Company profile of cellity
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