Xange Private Equity, the corporate venturing unit of France-based mail delivery service La Poste, has joined a syndicate investing $3m in Mobiles Republic, a publisher of applications.
Venture capital firm Creathor Ventures joined Xange in Mobiles’ series A round with the money to be used to expand its news apps, including News Republic, APPY Geek and Glam Life, on different platforms.
Cyril Bertrand, partner at Xange, said: "With [the] 100 million page views per month threshold achieved in only 12 months, we are impressed by Mobiles Republic’s rapid expansion in Europe and the US based on major content partnerships, unique expertise in monetization and amazing real usage per unique visitor. On top of their semantic engine, the granular personalization options represent a major differentiating factor in the market."