Vindigo, a developer of personal navigation applications for mobile, handheld devices, received $9 million in first-round venture capital financing. The round was led by General Atlantic Partners LLC, an investor in Internet, Internet-enabled and information technology businesses. Flatiron Partners was also a significant investor. A first version of Vindigo launched in March in partnership with NYToday.com, the online entertainment guide of New York Times Digital. Versions of Vindigo for the Bay area, Boston, Chicago and Washington are expected in June.
Copyright April 2000, Crain Communications Inc.