PapayaMobile Secures $18,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1907eacb-76b7-491b-8f70-3df6d0243aec&Preview=1
Date
4/27/2011
Company Name
PapayaMobile
Mailing Address
Undisclosed Menlo Park, CA 94025
Company Description
PapayaMobile provides third party developers with an open-API, cross-platform mobile social networking service (SNS) focusing on social games and virtual goods.
Website
http://www.papayamobile.com
Transaction Type
Venture Equity
Transaction Amount
$18,000,000
Transaction Round
Series B
Proceeds Purposes
PapayaMobile’s latest funding will help expand the growing PapayaMobile developer ecosystem in both the U.S. and Europe, while strengthening the portfolio of PapayaMobile products.
M&A Terms
Venture Investor
Keytone Ventures
Venture Investor
DCM – Doll Capital Management