Funambol Receives $12,500,000 Series B Round

  • Feed Type
  • Date
    6/17/2008
  • Company Name
    Funambol
  • Mailing Address
    643 Bair Island Road Redwood City, CA 94063
  • Company Description
    Funambol is the company behind Sync4j, the world-leading open source mobile application server. Sync4j is the open standard solution for the development, software provisioning and management of all wireless services: data synchronization, remote device management and application provisioning.
  • Website
    http://www.funambol.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,500,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The company will use the proceeds for continued growth in the push email market, to advance product R&D and to accelerate global expansion.
  • M&A Terms
  • Venture Investor
    Nexit Ventures
  • Venture Investor
    Castile Ventures
  • Venture Investor
    Walden International
  • Venture Investor
    HIG Ventures

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