MoBeam Garners $4,900,000 Series A Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4823d980-7681-4ef7-95d0-883b0bbfea5e&Preview=1 -
Date
10/3/2011 -
Company Name
MoBeam -
Mailing Address
20450 Stevens Creek Blvd Cupertino, CA 95014 -
Company Description
MoBeam Inc. applies its patented technology to transform the consumer-retail interaction and create multiple layers of value across the entire consumer products and retail industry, with clear benefits to both consumers and retailers. -
Website
http://www.mobeam.com -
Transaction Type
Venture Equity -
Transaction Amount
$4,900,000 -
Transaction Round
Series A -
Proceeds Purposes
Funds from this multimillion dollar funding round will be used to establish mobeam’s light based communications (LBC) technology as a new industry standard allowing mobile phones to interact with point of sale (POS) technology. mobeam is also using these new funds to accelerate business development efforts with major consumer and retail brands for mobile couponing and other broad mobile commerce initiatives. -
M&A Terms
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Venture Investor
yet2Ventures -
Venture Investor
Mitsui & Co. Venture Partners -
Venture Investor
Samsung Ventures
