Tech Company Financing Transactions
MoBeam Funding Round
MoBeam, operating out of Palo Alto, secured $4.9 million in investment from Fairbridge Venture Partners, Mitsui & Co. Venture Partners and Samsung Ventures.
Transaction Overview
Company Name
Announced On
10/3/2011
Transaction Type
Venture Equity
Amount
$4,900,000
Round
Series A
Investors
Proceeds Purpose
Funds from this multimillion dollar funding round will be used to establish mobeam's light based communications (LBC) technology as a new industry standard allowing mobile phones to interact with point of sale (POS) technology. mobeam is also using these new funds to accelerate business development efforts with major consumer and retail brands for mobile couponing and other broad mobile commerce initiatives.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
299 S. California Ave. 201
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Website
Email Address
Overview
MoBeam Inc. applies its patented technology to transform the consumer-retail interaction and create multiple layers of value across the entire consumer products and retail industry, with clear benefits to both consumers and retailers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
George Garrick
Chief Operating Officer
Marcia Donner
Chief Technical Officer
Venky Raju
VP - Bus. Development
Rob Daly
VP - Customer Service
Joseph Battoe
VP - Engineering
Jin Lee
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Next: 10/3/2011: Quantenna Communications venture capital transaction
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Where The Data Comes From
Our team works diligently to document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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