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February 02, 2006
Anam Mobile Messaging Raises €14M
Anam Mobile, a mobile messaging equipment and software developer, announced raising €14M series B round today. The Irish company was founded in 1999 with funding from Mayfair Venture Capital but was basically re-booted in 2003 with new financing and a new management team that left Logica, one of a handful of leading suppliers and integrators to mobile network operators.
The deal was led by FF&P Private Equity Ltd, an institutional investor that typically invest in fund, as opposed to doing direct investments. Motorola Ventures, the venture arm of Motorola Inc, and early investor Mayfair Venture Capital also participated in the round.
In 2004, Anam acquired a smaller rival Aliope and now employs 70 people. The new capital is not for acquisitions says the firm, it is to be used for new product development.
Anam's website has lots of pictures of fresh fruit and goldfish, but it sells mobile messaging gear.
This is the second European venture of this sort to raise new capital in the past week. The other is Airwide Solutions. Last year it was games and applications. Looks like this year it is going to be the equipment and software that gets all the text, video, and image messages delivered to the right people and at a profit for the operators.
Read - Press Release
Read - Airwide in private equity round (a:c euro)
Posted on February 2, 2006 12:32 PM | Posted to Venture Capital | Wireless | Permalink
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