Thursday, January 22, 2009

4INFO Gains $20M

San Mateo-based 4INFO, a provider of SMS publishing and advertising services, announced Thursday morning that it has raised $20M in equity and debt funding. The firm said that Peacock Equity and Gannett led the funding, and also included US Venture Partners, Drpaer Fisher Jurvetson, and Sand Hill Capital--all existing investors. New investor Selby Ventures also participated. 4INFO said it would use the funding to continue expansion and development of its technology. 4INFo's ad-supported, SMS information services provide sports, weather, celebrity gossip, stock market news, and other information to mobile subscribers. More information »