Thursday, July 12, 2007

Obopay Gets $29M In Series C

Redwood City-based Obopay said today that it has closed $29M in a third round of funding. The round was led by Richmond Global Cellular, and also included its existing investors Qualcomm and Redpoint Ventures. The company also added AllianceBernstein, Citi, Societe Generale, and other investors in the round. Obopay develops a mobile payment service that allows cell phone users to pay for items using just their cell phone. The latest funding brings the company's total raise to at least $46.0M. More information »