Thumbplay Receives $18 Million in Funding

Authored by Scott Goldberg on March 14, 2008 - 4:48am.

In its fifth round of funding, which included both old and new investors, mobile content retailer Thumbplay has received $18 million. According to MocoNews, the round included Softbank Capital, i-Hatch Ventures, and Verizon.

MocoNews had previously reported that Thumbplay hired investment bank Morgan Stanley to look for suitors to buy the company, but now that apparently is no longer the strategy.

http://tinyurl.com/3buwnk (MocoNews)

Published in DMW Daily, March 14, 2008

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Incorrect Investors Listed

Submitted by Chaim Haas (not verified) on March 18, 2008 - 5:59am.

Thumbplay announced on Monday, March 17th that it had closed an $18M Series E round of funding to accelerate growth, expand its direct-to-consumer product offerings and to expand internationally. The investors are Brookside Capital Partners, the public equity affiliate of Bain Capital, and Cross Creek Capital, a private equity affiliate of Wasatch Advisors.
Please update this post to reflect the correct list of investors in this round.
See http://www.thumbplay.com/news for full details.