Venture Capital Multi Family Office Invests In $7M Geenee Seed Round

venture capital multi family office invests in geenee

GEENEE is a Berlin-based software company that enables portable devices to see and understand their environment through “lightweight and robust image and video recognition”. Now, the venture capital focused multi family office IDI Group invested in the company’s $7M seed funding round.

Image recognition for brands

The Berlin-based startup offers its services through a web-based platform, enabling “contextual content at the moment of inspiration, from ticket sales and film trailers to augmented reality stories and storefronts”. GEENEE’s product portfolio consists of the core platform which is accessible through an API, a mobile action toolkit and an AR toolkit. Through the services, brands can create new ways of interaction with customers in stores. The company is led by Sandro Christen (CEO), Alex Goldberg (CTO) and Sturgi Adams (CCO).

Funding round by IDI multi family office

The recent $7M seed funding round was led by IDI Group. IDI is a New York based multi family office investment platform for several wealthy families. Other investments of IDI include Snapbac (compression-based garments for sports training), Spinn (bean-to-cup coffee maker), UrVenue (enteprise software for managing hospitality venues) and EBY (undergarments as a subscription service). GEENEE intends to raise a further Seed+ round in the upcoming months.

Sources
PRNewsWire, 8.11.2019
Jeshoots.com, 8.11.2019

You might like these articles

Relevant single family office lists

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *