Labotec
iPhone Application Investment Fund
Business Model:
Revenue: $4.9M
Employees: 51-200
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Detailed Labotec Information
Geographic Data
Address: 20900 NE 30th Ave
City: Miami
State: FL
Zip: 33180
Country: US
Financial Info
Stage:
Raised Last:
$200k
Raised Total:$200k
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Description
Labotec is an operational investment fund for mobile applications led by a Franco-American team of experienced entrepreneurs and investors. The organization&s;s mission is to select great application ideas for iPhone and iPad, finance them, and put the required resources together that end up having us go to market with a finished application on Apple’s App Store. Labotec offers a relatively unique way of mobile app publishing, based on crowd-sourcing ideas from third parties. Basically, people who have ideas for mobile applications on any of the major platforms but lack the time, development skills or resources to actually build them can submit their ideas through the Labotec website. The ideas are subsequently evaluated by Labotec, and if one gets thumbs up from a committee of unnamed field experts associated with the company, Labotec funds the entire development, distribution and marketing of the app.
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