Mobile applications and technologies developer Mobifusion announced the close of a $3.1 million Series A financing round. Venture firms Emergic Ventures, Ingram Digital Group and Global Asia Partners led the round, which also included investment from an unnamed Indian telco. According to Mobifusion, the funding will support sales and marketing initiatives as well as R&D operations. "This round of financing marks a significant milestone for Mobifusion at a time when the mobile content market is experiencing tremendous growth," said Mobifusion president and CEO Pavan Mandhani in a prepared statement. "We believe there's a strong demand for premium mobile content that is easy-to-access, reliable and affordable and intend to use these funds to further grow our business."
For more on the Mobifusion financing:
- read this release [1]
Links:
[1] http://www.prleap.com/pr/69503/