Home › content

Mobile Entertainment Publisher Mforma Raises $19 Million

Authored by Mark Hefflinger on August 17, 2004 - 2:38am.
Kirkland, Wash. -- Mobile entertainment publisher Mforma Group announced on Tuesday that it will soon close on a new $40 million round of financing, having just closed a $44 million round in June. The new round includes a first close of $19 million led by Draper Fisher Jurvetson, with participation from existing investors General Catalyst Partners and Bessemer Venture Partners. The company said additional funding will be based on pending acquisitions currently under review. Kirkland, Wash.-based Mforma was founded in 2001, and its entertainment content is now available to over 500 million subscribers through deals with 100 wireless carriers worldwide. The company will use the funds to continue its global expansion and add new geographic territories, channels of distribution, and infrastructure in high growth areas like Asia and Europe.
http://www.mforma.com

tags: VC | Mforma | Mobile Entertainment |

add to:  del.icio.us  |  digg |  Yahoo! MyWeb  | Slashdot


Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Add image
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br><p> <b> <i> <img> <hr>
  • Images can be added to this post.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.