Wednesday, April 27, 2011

mBlox Inks New Funding

Sunnvyale-based mBlox, which operates a mobile transaction network, said this week that it has raised a new round of financing. Size of the round was not disclosed. The firm said the funding came from Norwest Venture Partners, Scale Ventures, Novus, Trident, Avanti, and Singapore fund EDB Investments Ptd Ltd. The round was phased over three separate closes. The firm said the funding will go towards acquisitions and expanding its territory. More information »