Validation and funding to fuel V-Labs growth Startupticker.ch | The Swiss Startup News channel
Summary
The Fongit based augmented reality Geneva startup will use the funding to grow its team, finish the beta-version of its product and start ramping up sales. In the last months the company led by Diemer Cohen Stuart gained key validation from utilities and engineering firms. The company managed to get a significant angel investment of 500’000 CHF which perfectly aligns with its goals for 2020 to bring its product to the market. These pilots also allowed the augmented reality startup to attract many new prospects in Switzerland, but also in the rest of Europe, that are waiting for V-Labs to finalize its product. The startup supported by Fongit and Innosuisse’s Core Coaching Program aims to start a Round A investment later this year, in order to further accelerate and scale up its business in 2021.