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Indian Angel Network (IAN) has invested in Lowdownapp, a London-based company that specialises in mobile applications that provide business services.
This is IAN’s first investment in a UK-based company.
The target company’s flagship app - Lowdown - brings together real-time data from a variety of social networking Web sites and delivers it to users through a singular view.
“The UK is not only a hot bed of technology but also provides an excellent gateway to the continent. IAN looks to therefore partner with UK entrepreneurs and provide them with initial funding but more importantly with mentoring and market access across the globe,” Saurabh Srivastava, Co-Founder of Indian Angel Network, said.
Financial details of the transaction were not disclosed.
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