Filed in archive Venture Capital by tj on March 14, 2005

Siemens Mobile Accelerator (SMAC) one of the few active seed financiers in the dry desert of German VC is actively broadening the investment horizon. Most seed financiers have actively sought a pullback from the market or industries in recent past.

"Siemens Mobile acceleration (SMAC), the leading backer and investor for early-stage wireless companies, today announced it has extended its business scope by broadening its investment focus from wireless technologies to cover the entire communications sector. Additionally, it has adopted a new name, Siemens Acceleration in Communications, to better reflect its new mandate."

SMAC has done quite a lot of deals in the last 12 months:

- Series A funding for US mobile entertainment company -- Siemens Mobile Acceleration invests in PhoneBites- Siemens Mobile Acceleration invests in Chinese service provider LinkRich

- Siemens Mobile Acceleration invests in Chinese start-up Zero Global- Siemens Mobile Acceleration sells its stake in Chinese game developer and publisher Magus-Soft to Mforma

- Siemens Mobile Acceleration invests in Exit Games, a specialist for mobile multiplayer software- Siemens Mobile Acceleration completes first investment in Finland - Oplayo enables mobile video services for the mass market

Related Entries:

Siemens Mobile Accelerator shutting down - 13 December 2005
Pleite von Benq Mobile: Noch ein PR-Problem für Siemens - 30 September 2006
Ask Mobile Hailed Best Mobile Site - 02 May 2007
Mobile Ads Least Credible Form of Advertising - 10 October 2007
Mobile Music Shifting from Mobile Operators to Mobile Makers - 14 December 2007

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