• Ogmento First AR Gaming Startup To Win VC Funding

    Wednesday, May 26th, 2010

    Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

    Some pretty big news on the Augmented Reality gaming space today. Ogmento Inc. has closed $3.5 million in Series A equity financing to expand its AR game platform and its operations in New York and Los Angeles. The round was led by Chart Venture Partners with participation from CNF Investments and other private investors. Perhaps the reason this is most significant is that this appears to be the first time such a company has received significant venture funding.

    So far Ogmento has developed AR experiences for Penguin Publishing, SAP, Orange Telecom, Smith and Nephew, and PBS, and is doing games with CPG, and other sports enterprises.

    Chart has already made investments in hardware and software areas related to AR so this closes the loop quite nicely.

    Matthew McCooe of Chart Venture Partners and Joe Del Guercio of CNF join Ogmento’s board, along with founders Brad Foxhoven, Brian Selzer, and Inbar. Cole Van Nice, a partner with Chart, will also join Ogmento’s management team.

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