August 29, 2011, Sydney, Australia : Tapit Media Pty Ltd (Tapit), a new Near Field Communications (NFC) content delivery startup, has closed it’s seed funding round from Sydney Angels in record time for the investment group. It only took 22 calendar days from it’s pitch to Sydney Angels Investors until the full Seed Round was subscribed for.
Andrew Stead Co-Founder of Sydney Angels said “Sydney Angels is focused on introducing quality deals to early stage investors. The Investment in Tapit was Sydney Angels tenth and fastest. The speed was testament to the opportunity and fit between the business and the investors. ” One of the Tapit Investors from Sydney Angels, Serial Entrepreneur David Cunningham commented "After 9 long months of seeking my next business venture in Sydney, Tapit Media stood out as an opportunity I just could not miss - in a sector that defines innovation and growth."
Already Tapit has launched it’s third Out Of Home advertising campaign with JC Decaux in less than a month. Nova Radio was the first such Tapit NFC enabled campaign in Australia closely followed by Channel 10 - Renovators and QVB Shopping Centre which is in market again next week.
Jamie Conyngham, the CEO of Tapit said “ the speed in which this round was closed is an endorsement of the Tapit team and the business models we have created around our unique NFC enabled technology. Everyone we meet loves the idea of Tapit, it’s addictive ”.
Tapit (www.tapit.com.au) Tapit was founded in March 2011 and is headquartered in Sydney, Australia. Its vision is to revolutionise the way people use their mobile phones by simplifying the delivery of content using NFC as the enabler. Tapit works with innovative agencies, brands, handset manufacturers and carriers to bring this vision to life.
Sydney Angels (www.sydneyangels.net.au) is the leading angel investment membership group in Sydney. It is run as a not-for-profit membership organisation for its angel investor members. Members seek to invest in innovative early-stage ventures (usually Sydney-based). Sydney Angels helps its members connect with and invest in good deals and entrepreneur teams, by providing a professional and collaborative environment and disciplined investment processes.