B Round Investors are joined by NTEC in Funding Rich Mobile Media Leader’s Continued Expansion and Global Presence
Paris, France, 17 December, 2007– Streamezzo, a leading provider of rich media solutions and platforms for mobile communications, today announced it has secured Round C financing totalling over $22 million (15 million Euros). To date, the company has raised a total of $48 million (33 million Euros) from an expanded roster of top-tier investors. Kuwaiti investment group NTEC (National Technology Enterprise Company) joins the latest round, along with all of Streamezzo’s existing investors.
In addition to NTEC, investors participating in Streamezzo’s successful Round C financing include: Sofinnova Partners, AXA Private Equity, I-Source Gestion, Sofinnova Ventures, Qualcomm and GET Valorisation.
“The successful completion of this financing round demonstrates the steadfast commitment of our investors to Streamezzo’s progress towards creating the ultimate user experience for all mobile devices,” said Alain Blancquart, CEO of Streamezzo. “Our software platform is powering that interactive, rich multimedia experience for more users, more devices, and more rich media services than any other product on the market, and today’s announcement will be instrumental in building even higher levels of success and global presence.”
Streamezzo – a leading provider of embedded rich media solutions – designs, develops and markets tools that make mobile phone content more appealing and more interactive. In addition to its TV-on-mobile solutions, Streamezzo also provides music applications, portals and user interfaces for enhanced browsing ergonomics. Streamezzo’s solutions have already convinced major mobile operators, broadcasters and contents providers to launch innovative services on 2.5 and 3G networks as well as trials for DVB-H and S-DMB networks. Alain Blancquart is the CEO of Streamezzo, whose headquarters are located in Paris. Please visit www.streamezzo.com.