Xendex raises $3.5 million in Series B

Mobile games developer Xendex announced the completion of a $3.5 million Series B financing round led by Pontis Capital, with contributions from a group of business angels. Xendex announced a $3.6 million Series A round in June 2008, investing the funds into new technology and licenses as well as its expansion onto new gaming platforms--the firm says the latest financing will support the next phase of its multi-year growth strategy. The Series B round follows on the heels of a licensing agreement with Red Bull as well as Xendex's first games for the iPhone.

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