Mobibucks Secures $5,000,000 Series A Financing Round

  • Feed Type
  • Date
    7/5/2011
  • Company Name
    Mobibucks
  • Mailing Address
    440 North Wolfe Rd Sunnyvale, CA 94085
  • Company Description
    Mobibucks is a free, fast and secure mobile payment solution enabling consumers to make cashless transactions. Mobibucks is led by a combination of payment industry veterans and innovative entrepreneurs working together with leading edge retailers to create the next generation payment infrastructure. Jorge Fernandes, founder and former CEO of ViVOtech, Dave Barram, a senior Silicon Valley executive at Apple, Silicon Graphics and Hewlett-Packard, and Tom Recktenwald, Co-Founder of Stored Value Solutions, a leading gift card provider, established Mobibucks. Mobibucks corporate offices are in Louisville, KY with R&D in Silicon Valley. For more information, visit http://www.Mobibucks.com/.
  • Website
    http://www.mobibucks.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The investment fuelsMOBIbucks’ rapid growth in key markets around the world and fundscustomer service in support of new installations.
  • M&A Terms
  • Venture Investor
    Acadia Woods Ventures
  • Venture Investor
    Undisclosed