Report: Ignition Adds $3.5M to Swype
Seattle-based Swype, a maker of touchscreen text-input technology for mobile devices, has landed a $3.5 million investment from Bellevue’s Ignition Partners, according to GeekWire. Swype’s technology allows touchscreen users to enter text by dragging their finger across an onscreen keyboard, rather than tapping out messages letter-by-letter. The company recently took top consumer product honors at the Washington Technolgy Industry Association awards. Previous investors include Samsung Ventures, Nokia Growth Partners, and Docomo Capital. The GeekWire report quotes CEO Mike McSherry as saying the investment is part of a larger round expected to close soon.