Mobile Entertainment, Marketing Firm Enpocket Raises $9.5 Million

Authored by Mark Hefflinger on November 11, 2004 - 4:16am.

Helsinki -- Enpocket, a provider of integrated mobile entertainment and marketing services, announced on Monday that it has raised $9.5 million in a third round of funding. Straumur Investment Bank led the round, with existing investors Nokia Venture Partners, GrandBanks Capital and Dolphin Equity Partners also participating. Enpocket said it plans to use the funds to develop new products and expand sales and marketing in the Americas, Europe and Asia. Separately, the company announced that Peter Larsen, Enpocket's former managing director for the EMEA region (Europe, the Middle East and Africa), has been promoted to chief executive officer. Enpocket, whose clients include Vodafone, Orange, Telefonica, Nokia, the BBC and Microsoft, is headquartered in New York and has offices in London, Helsinki and Reykjavik.
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