Augmented reality firm secures €10m funding


17 Nov 201084 Views

A leading platform in augmented reality for mobiles, Layar, has secured €10m growth capital.

The new funds will speed up the development of Layar’s app, software and platform, finance its continued geographical expansion and further develop its augmented reality products.

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The round of funding sees Intel Capital enter as a shareholder while Prime Ventures expands its share.

By investing in Layar, Intel Capital joins Prime Ventures and Sunstone Capital, who already funded the Amsterdam-based firm in its first financing rounds.