MoBeam Garners $4,900,000 Series A Funding Round

  • Feed Type
  • Date
    10/3/2011
  • Company Name
    MoBeam
  • Mailing Address
    20450 Stevens Creek Blvd Cupertino, CA 95014
  • Company Description
    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.
  • Website
    http://www.mobeam.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,900,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    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.
  • M&A Terms
  • Venture Investor
    yet2Ventures
  • Venture Investor
    Mitsui & Co. Venture Partners
  • Venture Investor
    Samsung Ventures