Tuesday, April 6, 2004

Mobileway Secures $23 Million for Mobile Messaging

Mobileway, a start-up based in San Mateo, California and London raised $23 million in Series D funding to support its mobile messaging solutions. Mobileway facilitates the delivery of content to consumers with wireless devices. It operates carrier-grade data centers in Paris, Silicon Valley, and Singapore providing more than 150 direct connections and access to more than 600 operators.



In the Series D round, a new U.S.-based investment partner, Institutional Venture Partners (IVP), joins with existing investors 3i, CDP, Intel, Investcorp, Mayfield, Nexit Ventures, and Visa. The company has raised $77 million to date. http://www.mobileway.com.