Deal

Energy Ventures is lead investor in Reality Mobile

Energy Ventures III has announced that is to act as the lead investor in the first round of external funding for mobile technology company Reality Mobile. New investors include CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures LLC, and communications investor the Dobson Partnership. The investors will provide a total of USD 6.5 million in funding.

The funding will help introduce Reality Mobile’s dynamic communications and situational awareness technology to the energy industry and support expansion in existing markets.

RealityVision is an enterprise-grade software platform that uses existing infrastructure and commercially available smart phones to allow users to share real-time video and dynamic data with colleagues located any where in the world.

Reality Mobile has already made its mark in the defense and government sectors with its product RealityVision®. Building on its success supporting law enforcement agencies during high profile events including President Obama’s inauguration and Super Bowl XL, Reality Mobile is now positioned to bring these unprecedented capabilities to oil and gas companies.

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FundEnergy Ventures III LP Argentum share 5.97%
Portfolio CompanyReality Mobile
Date of Transaction2009-10-08
TransactionAcquisition, Finance round
Seller
Buyer
Size of TransactionUSD 6.5m
Ind. FocusICT
GeographyUSA
StageVenture
 

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(2011-07-13)