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Barr Ellison Solicitors – commercial property
ARM Innovation Hub
16 October, 2006 - 13:58 By Staff Reporter

Prelude invests £150k in m-spatial

Prelude Trust plc in Cambridgeshire, which specialises in early stage, technology-based businesses and is managed by Esprit Capital Partners LLP, has invested a further £150,000 in m-spatial Limited as part of a £0.4 million funding round alongside co-investors Alta Berkeley and Delta Partners.The investment brings Prelude’s total invested to date to £2.1 million, representing a 31.8 per cent shareholding in the company.

Founded in June 2001, m-spatial has established itself as the European market leader in mobile local search. Its leading edge Local Search and Discovery Engine (LSDE) is deployed with high profile mobile operators and directory providers across Europe, including Orange, O2 and most recently with Seat Pagine Gialle, the leading Italian directory provider.

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