Mangrove invests in German software business


Skype-backer Mangrove Capital Partners has invested in a funding round of German mobile phone software business cellity.

Mangrove, which is based in Luxembourg, has participated alongside German VC Neuhaus Partners in the company, which in February launched first automatic least-cost router for mobile phones in Germany. This software allows mobile phone users to reduce their local call costs by 60% and international call costs by up to 90%.