, an Austria-based indoor location and navigation technology has raised a “six-figure” seed round from a local consortium including “strategic investor” TechInvest.

TechInvest is a local technology financing company owned by Hannes Bardach, chief executive of Frequentis. TechInvest invests in companies from the Frequentis start-up centre when technology is relevatn to Frequentis.

Tecnet Equity, a technology financing company of the province of Lower Austria, and SpeedInvest, a local angel network, completed the seed round.

Bernd Gruber, co-founder and chief executive of, said: “This investment round combines the financial strength of the tecnet fund, the active involvement of SpeedInvest and strategic opportunities offered by TechInvest to support the expansion of’ technology lead.”

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