SAN FRANCISCO-Telephia Inc., a provider of integrated marketing and network quality data, reported its series B round of financing totaled more than $11 million.
The company said it plans to use the new funds to expedite its aggressive expansion into new markets nationwide as well as to accelerate the development of its data mining and web delivery systems.
Oak Hill Venture Partners led the latest round of equity investment and joined existing investors including The Megenticook Fund, Prime New Ventures and Cedar Grove Investments.
“Telephia is an exciting company that is taking the field of wireless market intelligence by storm,” said Dave Brown, a managing partner of Oak Hill. “Telephia’s innovative technology and ability to package together meaningful and useful competitive data on a national and market level is unmatched in the industry.”
