What is Mybrana?
Mybrana is a technology company that has integrated artificial intelligence functionalities, such as face recognition and 3D location mapping, into a graphic engine enabling the development of social games that can be integrated on the face of users or at any location such as streets.
It has been featured as one of the top 25 world leaders in augmented reality on the influential Mobile Augmented Reality Global Strategic Business Report created by Global Research in Japan, along other leaders like Apple or Niantic (Pokemon Go)
AGENTES Y ASESORES FINANCIEROS, S.L.
SCR Gobierno Vasco
Top Seeds Lab
Who is the reference investor?
About SOSV VCSOSV is a US fund that invests annually $50M in technology companies from seed stage up to growth stage. It has a portfolio of more than 500 companies managing $300M of assets with a net return of more than 30% (net IRR). They articulate their investments through specialized accelerators on these verticals: HAX (hardware), IndieBio (biotechnology), Chinaccelerator (software), Food-X, and MOX (mobile applications). The admission rate to these accelerators is less than 5%. Some companies in their portfolio are Leap Motion, acquired by Apple, or Melon, acquired by Daqri. It is currently one of the 3 most active funds worldwide along with 500 Startups and Y-Combinator. SOSV is not only a tech investment fund, it is also a network of mentors (+600) who continuously offer their experience and network to the investees
Facts & Figures
According to William Bao, General Manager of SOSV, Mybrana not only has a sound team that has developed a pioneer technology at the right time, but also an opportunity to become the leader as AR tech provider due to the high demand of this tech for smartphones and AR/VR devices, and the few quality solutions that exist right now in the market.
Additionally to SOSV current position in Mybrana, SOSV plans to invest $50.000 (47.000€) to lead this round of 200.000 euros. Previously SOSV invested $40.000 in cash plus $500.000 in advertising through the ad network General Mobile/MassiveImpact.
- Highly experienced team with deep experience in AR
- Mybrana has developed and owns a sound AR Technology (Augmented Reality)
- high demand/high growth market (smartphones and AR/VR devices)