4INFO closes $20 million financing round

Mobile messaging services provider 4INFO announced $20 million in new equity and debt funding led by existing investors Peacock Equity and Gannett, Inc., with contributions from US Venture Partners, Draper Fisher Jurvetson and Sand Hill Capital as well as new investor Selby Ventures. According to 4INFO, the funding will support the firm's continued expansion into traditional media partnerships for integrated mobile campaigns, as well as accelerate development of its mobile marketing services and rich media technology. 4INFO reports delivery of over 80 million real-time, user-requested answers and text message alerts each month--in addition, the company's ad network now exceeds 16 million users.

For more on the 4INFO funding:
- read this release

Related articles:
4INFO huddles up with the NFL
Yahoo teams with 4INFO on mobile advertising