MobUser

Mobile, software, and all that jazz

October 28, 2007

mFoundry Closes $15M Series C

By now news of the closing of our Series C round of financing is out. This time around was a very different experience from previous rounds. The biggest difference was the fact that all of our investors in this round were “strategic” investors and not traditional VCs. Some of the key strategic investors in the round are NCR, Motorola, and PayPal (yeah no kidding … wow!).

This round will give us the “endurance” to fully play out the Mobile Financial market here in United States as well as to push into Europe. However what really makes me excited is the potential all this has for Mojax. 2008 is going to be a very exciting year!

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