RICHARDSON, Texas-MobileStar Network Corp., a high-speed wireless Internet access provider for business travelers, secured $38 million in a second-round of private funding from venture capital firms Mayfield Fund, Blueprint Ventures, Norwest Venture Partners, Sienna Holdings and Tarrant Venture Partners.
According to MobileStar, this recent round of financing increases the total amount raised by the company to $53 million.
The company will use the funds to accelerate the expansion of its network in locations most frequented by business travelers, including airports, hotels and convention centers.
“We are delighted that this prestigious group of technology investors believes in our mission and the easy-to-use, quality service we are bringing to business travelers,” said Mark Goode, president and chief executive officer of MobileStar. “This funding will allow us to continue to build our lead over the competition and significantly raise the brand visibility and awareness of the MobileStar network.”
Todd Brooks and Dana Settle of Mayfield fund, along with Bart Schachter, general partner of Blueprint Ventures, will join MobileStar’s board of directors.
