Vickers Capital Group, an early-stage venture firm with offices in Shanghai and Singapore, has led a $9m round for Lotaris, a Switzerland-based mobile technology company, alongside local bank Credit Suisse and financial services peer Eurofin Capital.
Credit Suisse invested through its SFr100m ($110m) corporate venturing fund SVC-Ltd. for Risk Capital for SMEs.
Robert Tibbs, founder and chief executive of Lotaris, which won the business school IMD International’s Start-up Venture Competition for 2008, said: "The explosive growth in mobile apps demands assertive but sure-footed expansion. This ideal combination of Swiss and Asian capital and influence, combined with truly exceptional new partners will propel us into a leadership position."