Phone Backup Service Gets Venture Capital Investment

Nordic Venture Partners says that it has made a million Euro investment in ZYB, a free mobile backup and sharing service. Also announced, Preben Damgaard, co-founder of Damgaard former Executive Vice President of Microsoft Business Solutions, has joined ZYB's board of directors.

ZYB was founded back in 2005 by three Copenhagen based entrepreneurs Tommy Ahlers, Ole Kristensen, and Morten Lund, who was also one of the early investors behind Skype. The online service was launched in June 2006 and now, four months later, ZYB has already placed itself solidly on top of the global scene for mobile backup services.

ZYB presents a surprisingly simple solution for mobile phone users to securely backup their personal data. The service also has unique social networking capabilities by allowing users to share the personal content stored on their mobile with others and receive updated contact details and calendar events directly on the mobile.

Henrik Albertsen, Managing General Partner, Nordic Venture Partners, says "We see a large potential market for mobile backup and management. People have a lot of vital personal data stored on their mobile, and as the amount of data increases they are getting more and more concerned about losing it."

ZYB is not the only service offering mobile backup, but at Nordic Venture Partners there is no doubt that the right player has been selected.

"We only invest in companies that we believe can be commercialised on an international scale. ZYB has positioned itself globally as the preferred mobile backup service by catering to the users needs with a brilliant user interface and in a way superior to all other similar services", says Albertsen.

The investment will boost ZYB's expansion and the company plans to double its number of employees before entering into next year."

Posted to the site on 20th November 2006