The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.
–Airband Communications: M/C Venture Partners invested $12.5 million in Airband as part of the company’s third round of funding. Airband said it will use the funds to accelerate growth in its existing markets. Salvatore Tirabassi, partner with M/C Ventures, joins Airband’s board of directors in conjunction with the financing.
–HipCricket: Broadmark Capital and a European investment group invested $6 million in HipCricket’s second financing round. The company plans to use the money to expand its mobile marketing services to broadcasters.
–IceBreaker Inc.: Frazier Technology Ventures and Lightspeed Venture Partners invested $7.2 million in IceBreaker, which offers a mobile social network application called Crush or Flush. The company said it will use the funds to expand consumer marketing, new product development and research and development.
–Jajah Inc.: Deutsche Telekom AG’s venture-capital arm T-Online Venture fund joined with Intel Corp. to invest in Jajah Inc., a two-year old company that offers a global Voice over Internet Protocol service. Jajah raised a total of $20 million in its third funding round.
–LimeLife Inc.: Core Capital Partners invested $3.9 million in LimeLife, which offers mobile content geared toward women. Former CTIA CEO Tom Wheeler will join LimeLife’s board of directors as part of the funding arrangement.
–Mobicious: North Bridge Venture Partners and Carmel Ventures invested $4 million in Mobicious as part of the company’s first round of financing. The funding will be used for product development, business development and marketing.
–Palm Inc.: Elevation Partners said it plans to buy a 25% stake in Palm for $325 million. Once the deal is completed, Palm said it will increase its board of directors to include Jon Rubinstein, the former head of Apple Inc.’s iPod division.
–Vocel: Motorola Inc.’s Motorola Ventures venture capital arm made a strategic investment in Vocel, a wireless push technology company. Financial terms of the deal were not disclosed.
–Zenrin Co. Ltd.: NTT DoCoMo Inc. said it plans to invest $3 million in a unit of Zenrin that makes digital maps. The deal would give DoCoMo a 10.27% stake in the company.
Venture capital financing wrap-up: LimeLife, Airband, HipCricket and more
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