Mobile Social Network Mobango Raises $5.7 Million

Authored by Mark Hefflinger on April 1, 2008 - 7:16am.

London - Mobango, a London-based mobile social network, announced on Tuesday that it has raised a $5.7 million second round of venture capital financing, led by Italian fund Innogest Capital.

Previous investor Doughty Hanson Technology Ventures also participated.

Mobango lets users create, upload, store, convert, share and play all sorts of content for mobile devices.

The company claims nearly 3 million registered users across the U.K., U.S., India and South Africa; Mobango also recently launched German- and Spanish-language versions of its service.

The company will use the funds to accelerate product development, strengthen its service infrastructure, and increase penetration in key markets.

 

Related Links:
http://www.prweb.com/releases/2008/03/prweb816514.htm

http://www.mobango.com

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