Northzone

Growth investors since 1996

2014.06.12

Outracks raises $3.5 million from Northzone and Alliance Venture


Oslo, June 12th 2014 - Outracks Technologies, an innovator in cross-platform content creation tools, today announced that it has secured $3.5 million in funding from Northzone and Alliance Venture.

«In our increasingly mobile and connected world there is an enormous demand for compelling apps and user experiences across the billions of screens that we are using every day. This is a huge opportunity for developers, and our technology solves several of the technical challenges involved in multi-platform development today.» says Anders Lassen, CEO of Outracks Technologies.

«With this investment and the expertise and experience provided by Northzone and Alliance Venture we are taking another huge leap towards our goal of helping developers and designers create better and more beautiful apps, in less time and on more platforms.» he continues.
«We looked at many different providers of multi-platform development solutions, and nobody came close to offer the complete package that Outracks are putting together», says Torleif Ahlsand, General Partner in Northzone.

«We couldn’t be happier with the talent and ambition of the team at Outracks - their level of technical know-how and extensive domain knowledge makes them ideally suited to solve real issues for developers and designers alike.» Mr Ahlsand adds.
«We are confident that Outracks will deliver a truly unique and clever multi-platform authoring solution to businesses and freelancers working with apps and digital content», says Johan Gjesdahl, Partner in Alliance Venture.

What is Realtime Studio?

Realtime Studio is a creative tool suite and IDE (“Integrated Development Environment”) used by programmers and designers to create stunning, multi-platform apps and visual experiences. Based on Uno, the world’s first hybrid CPU-GPU programming language, it provides a flexible and intuitive abstraction for visual development without the performance sacrifices associated with traditional approaches. Realtime Studio exports blazing fast, native applications for all major mobile and desktop operating systems, as well as WebGL and HTML5 for all browsers.

Realtime Studio is currently in closed beta. To apply for beta access, visit www.outracks.com.

About Outracks Technologies
Incorporated in 2011 by a team of highly skilled engineers with backgrounds in GPU hardware, games and compiler development, Outracks is a company with a deep passion for beautiful pixels. Our goal is to enable anyone to create amazing user experiences on any platform and to redefine how we develop applications and visual content. Outracks builds tools that unite programmers and designers and simplify the development of multi-platform apps and visuals. Learn more at www.outracks.com

About Northzone
Northzone is the leading technology investment partnership in the Nordics. Over the past 17 years Northzone has been chosen by some of Europe's most exceptional entrepreneurs as a long-term partner for growth. Northzone has thus far invested in over 90 companies, injecting some 200 years of collective operational and investment experience into businesses that truly make a difference. Northzone is investing out of its 7th venture fund, and has offices in Copenhagen, London, Stockholm and Oslo. Northzone is also known for its investments in Spotify, Nimsoft, TrustPilot, Avito, Stepstone, EnergyMicro and Lastminute.com. Learn more at www.northzone.com

About Alliance Venture
Alliance Venture is a leading early-stage venture investor in the Norwegian IT sector. Alliance Venture consists of three funds with about 1 billion NOK under management. The funds are managed by six partners with long experience from finance, business development and management of international technology start-ups. Alliance Venture focuses on companies with strong management teams, unique technology and global potential. Alliance is an active investor – contributing its network and experience to help entrepreneurs and their companies succeed. Learn more at www.allianceventure.com

Press inquiries
Anders Lassen - CEO, Outracks Technologies anders@outracks.com | +47 911 36 168
Torleif Ahlsand - General Partner, Northzone ahlsand@northzone.com | +47 414 12 985
Johan Gjesdahl - Partner, Alliance Venture johan@springfondet.no | +47 902 83 040