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Mobile Search & Advertising Firm Medio Systems Raises $30 Million

Authored by Mark Hefflinger on November 16, 2006 - 3:26pm.
Seattle - Medio Systems, a provider of mobile search and advertising technologies, announced on Thursday that it has raised $30 million in its second round of venture capital financing.

Accel Partners led the investment round, which also featured participation from previous investors Mohr Davidow Ventures, Frazier Technology Ventures and Trilogy Equity Partners.

Wireless network operators including Verizon and Telus Mobility use Seattle-based Medio's mobile search technology, which can also place ads next to mobile search results.

The company will use the funds for product development, to add to its sales and operations for wireless operators and advertisers, and to expand its presence in European and Asia-Pacific markets.

Related Links:
http://www.mediosystems.com/company/press/20061116.php
tags: Deals | Mobile | VC | Marketing | Advertising | Mobile Search | Tech | Search | Mobile Marketing | Medio |



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