Polish beacon hardware and software platform Kontakt.io said Monday that it has received $2 million in funding from European venture firm Sunstone Capital. In addition to the funding, Dr. Max Niederhofer, a general partner at Sunstone Capital, has been added to Kontakt.io’s board of directors.
Kraków, Poland, July 28, 2014 – Kontakt.io, a leading beacon hardware and software platform, today announces a $2 million investment round from Sunstone Capital, a top European venture capital firm.
Kontakt.io was launched in 2013 to help the visually impaired navigate public spaces. Today Kontakt.io is building the world’s most powerful and comprehensive beacon platform, with the intent of supporting the most ambitious micro-location applications. Kontakt.io now serves lighthouse customers such as Google, Facebook, Apple, SAP, Siemens, and thousands of others across the globe.
Dr. Max Niederhofer, General Partner at Sunstone Capital, has joined the Kontakt.io board of directors. He said: “Bluetooth Low Energy and iBeacon are the building blocks of the next wave of computing. Notifications and event triggers based on proximity have the potential to revolutionize mobile applications. We conducted a comprehensive review of all vendors in the space. Kontakt.io had by far the most compelling vision, on top of an incredibly advanced operations management, stable supply chain and a phenomenal customer base. We’re very excited to be supporting the team.”
“We started this company with our own money and were profitable in the first month. This fundraise enables us to compete on a truly global scale,” says Szymon Niemczura, co-founder and CEO of Kontakt.io. “We are thrilled to be working with Sunstone Capital, who share our limitless ambition. We’re here to build a global infrastructure for micro-location services.”
The emerging micro-location market has quickly taken to Kontakt.io’s dependable and precisely configurable hardware, comprehensive software and backend services, as well as its ability to ship thousands of customized beacons worldwide with the shortest lead times in the industry. Kontakt.io is actively developing a strong partner network of ambitious entrepreneurs, digital strategy agencies, and forward thinking enterprises.
Kontakt.io’s fundraise comes shortly after the announcement of Apple iOS8 and Google’s next Android release, which have both made beacon-related features integral to their respective mobile user experience. Market research firm ABI Research is forecasting over 60 million beacon units shipped by 2019 and over $500 million in hardware sales alone.
Kontakt.io is a world-leading platform for micro-location applications and solutions – using iBeacon, Android, and Bluetooth Smart technologies. Kontakt.io’s aim is to create seamless interactive experiences bridging the online and offline worlds.
About Sunstone Capital
Sunstone Capital is a leading European venture capital firm with over $1 billion assets under management. Since 2007, Sunstone has invested in early and growth stage European companies, including notable businesses such as Prezi, Podio (acquired by Citrix), GetYourGuide and many others.