SUNNYVALE, Calif.—Mobile billing and messaging provider mBlox Inc. snagged $25 million in a funding round led by new investor Trident Capital.
Existing investors BA Venture Partners, Norwest Venture Partners, Novus Ventures and Avanti Capital Ltd. also joined the round. MBlox, which claims to have processed more than 1 billion mobile business transactions valued at $400 million last year, said it will use the capital to upgrade its infrastructure and expand its mobile transaction network, including making acquisitions in Europe and Asia.
“In 2006, we will expand into new markets and introduce new products for our clients based on our understanding of our customers’ needs,” said Chief Executive Officer Jeff Clark. Clark said the company will continue to focus on the delivery and settlement of transactions, and has no plans to enter the content provisioning or promotions market.
MBlox offers mobile billing in 15 countries and last year launched a partnership with MasterCard on a fraud-alert system.
