ePawn has finalized a round of funding of €1M from Elaia Partners in order to bridge the connection between machines & real-world objects.
Bellow is the press release which can also be downloaded as a pdf in English or in French.
ePawn Receives €1 Million Investment from Private Equity Boutique Elaia Partners
PARIS, France – December 13, 2012 – Paris-headquared tech startup ePawn, whose disruptive technology further bridges real and virtual worlds, today announced that it has received €1 million investment from private equity boutique Elaia Partners through Elaia Alpha, a new fund focusing on early stage companies in the digital economy.
Founded in 2010 by industry veterans Christophe Duteil and Valentin Lefèvre, ePawn provides a revolutionary tracking technology that allows users to interact with virtual environments in real time via real-world objects. After making its European debut in 2011, ePawn’s technology was officially introduced to the U.S. market at CES 2012, where the company also launched ePawn Arena, a large gaming screen featuring a sub- LCD tracking layer that can interact with objects such as game pieces, pawns, stylus pen, etc.
Our ambition is to revolutionize the gaming industry by leading the way to « video toys », the next-generation of toys that will feature a simple yet very effective organic user interface, » commented Christophe Duteil, CEO and Co-Founder of ePawn. « After doing R&D for the last two years and obtaining several patents, ePawn is now moving into its next stage of development and we hope to rapidly become a major player in the global gaming industry and the Internet of Things.
ePawn also licenses its patented technology to companies across multiple industries, ranging from video games and toys to high-tech devices and home automation.
We believe that ePawn’s founders’ in-depth experience combined with their gaming-ly relevant technology will allow them to successfully bring life to their vision of a hybrid future where physical toys and video games converge, thus taking the human-computer interaction to a whole new level» said Philippe Gire, Managing Partner of Elaia Partners.
Founded in 2010, Paris-headquartered ePawn provides a revolutionary yet affordable tracking technology that brings back the simple thrill of real touch feeling by allowing users to interact with virtual environments in real time via real-world objects. ePawn is currently working with studios, game developers and device manufacturers to develop innovative content at the nexus of real- and virtual-gaming.
For more information, please visit: http://www.epawn.fr
About Elaia Partners:Founded in 2002, Elaia Partners is an independent private equity boutique specializing in investments in Digital Economy-related sectors. It seeks to hold board positions in its portfolio companies, helping them benefit from its management team’s 60 years of collective experience in technology and private equity. Elaia Partners currently manages more than €80 million, mainly through Elaia Ventures, a French FCPR fund backed by a wide range of LPs – financial institutions, industrials and family offices– and through funds delegated by 123Venture, Neotec and Crédit Agricole Private Equity. Elaia Partners is headquartered in Paris, France, with an office in London, United Kingdom.
For more information, please visit: http://www.elaia.com