Mobile social media application Goojet gets €6m in venture backing

Users of Goojet regularly get exposed to new services, content and information according to their profiles and through suggestions from the community.

Focusing first on its primary market, France, Goojet has more than 300,000 users who have adopted the service in less than a year. It is now one of the biggest mobile web communities in France.

“We are very pleased to welcome Orkos Capital as an investor alongside Partech International, Elaia Partners and IRDI-ICSO that we thank for their renewed trust” said Guillaume Decugis, CEO of Goojet, “We already had an excellent team of investors whose daily contribution proved priceless: completing it with one of the most successful funds in the mobile sector in Europe is a great validation. With this additional funding, we’re going to accelerate our growth in France, as well as develop our footprint internationally, starting with Europe.”

Jean-Jacques Bertrand, managing partner of Orkos Capital, added, “When the economy is bad, the best projects stand out of the crowd. After successful investments in the mobile area, we watched with lots of attention its recent evolutions (the iPhone, unlimited data plans, etc). There’s no doubt that a new media is being born with the mobile web exploding. Among all the new actors in this area, we felt that Goojet was ideally placed to benefit from it, standing right at the crossroad between community and infotainment.”

Orkos Capital is a private equity firm created in 2006. The members of the Orkos Capital team started working together in the early 1990s and have been launching the EMTF funds. The mutual fund EMTF III is a late stage or growth venture capital fund that invests in European companies in the communications technologies and services sector.

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