OAKLAND, Calif.-Wireless data software developer PocketThis raised $12 million in Series C financing, the company announced Wednesday.
The company’s third round of equity financing included two new investors, American River Ventures and Crosslink Capital, as well as existing investors Mobius Venture Capital, SeaPoint and Innovacom. PocketThis said it will use the capital to expand its European operations and launch services in markets in North America and Asia Pacific.
Since PocketThis was founded in 2000, the company has raised $32 million in private investment.
“In a very competitive wireless environment and a continued cautious market in general, we’re very pleased to have such active interest from the investment community,” said Nancy Benovich Gilby, PocketThis’ chief executive officer. “It proves that PocketThis software is valuable to mobile operators and to investors focused on long-term returns.”
