Financing

  • Intel Wins Piece of Swedish Spectrum

    Intel won a piece of the Swedish airwaves and announced today that it plans to develop a nationwide WiMax network. Intel paid $26 million for a 15-year license and hopes to make money by selling microchips that a WiMax network will need. Intel business developer Carl-Daniel Norenberg said the company is looking for partners to build and operate the network, but that Intel will rent out the… Read More

  • Buzzd Secures Series A Funding

    Buzzd, a location-based city guide and social network for mobile phones, announced that it has completed Series A funding, led by Greycroft Partners and Monitor Ventures. The money will be used for product development and distribution. Monitor’s Fern Mandelbaum will join Buzzd’s Board of Directors, along with company Co-Founders Nihal Mehta and Deepen Shah. “Monitor and… Read More

  • $18 Million Raised by Thumbplay

    Thumbplay, a mobile entertainment company, announced today that it has raised $18 million in new capital. Thumbplay will use the seed money to expand its direct-to- consumer product offerings, in addition to further developing the tools it provides content owners, creators, publishers and brand marketers. The company plans to accelerate its strategic growth plans and to expand internationally… Read More

  • Handango Receives $9.5 Million in Seed Money

    Handango, a provider of smartphone content, raised an additional $9.5 million in its Series C round of financing. The money will be used to support the company’s new distribution deals, improve the scalability of its infrastructure and expand globally. Handango also plans to enhance the consumer experience to make smartphone content easier to brows, find and purchase online, and… Read More

  • AD Infuse gets $12 Million in Seed Money

    The mobile advertising company Ad Infuse announced today that it has secured $12 million in financing. New investor SoftBank capital led this new financing round, which also includes existing investors ComVentures and Storm Ventures. The money will be used to promote and develop Ad Infuse’s mobile advertising network and platform, adInMotion. The company will also invest in its… Read More