PapayaMobile Garners $4,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=632bdaff-e099-407d-a226-a8045b22013f&Preview=1
Date
6/23/2010
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
$4,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company is already profitable, and the new round of funding will be used to help it increase its developer community, further develop its social and gaming mobile applications, and expand the management team.
M&A Terms
Venture Investor
DCM – Doll Capital Management