KIRKLAND, Wash.-Mforma Group Inc. may score up to $40 million in its latest round of funding, the mobile content provider announced Tuesday. The announcement comes on the heels of a $44 million funding round in June.
Mforma has already closed on $19 million in the new round, led by Draper Fisher Jurvetson, and may tally more based on the company’s needs in pending acquisitions under review.
“The market for interactive mobile media is accelerating,” said Daniel Kranzler, Mforma’s chief executive officer. “With Mforma now reaching over 500 million mobile users through more than 100 wireless operators, we are perfectly positioned to be the leader in market consolidation.”
Kranzler said the 3-year-old company will use the funds to continue its global expansion, particularly in Asia and Europe.
