« VC-backed PrePay Technologies Acquired by France's Accor | Main | Meet CSR, Intel, and PicoChip Execs in Edinburgh »
September 26, 2007
VoluBill Raises €10.5M - Going For Growth
VoluBill, a French startup in the mobile data charging business, has raised €10.5M to fund an 'aggressive' growth strategy. When aggressive is used in connection with a financing round, it usually means that there's an acquisition in the works.
XAnge Private Equity, which led the round, joining existing investorsSofinnova Partners, Sofinnova Ventures, Seventure, DVCG and Argo Capital.
VoluBill said in a statement that its business quadrupled over the past two years and it now empoys 75. Its solutions are popular with the controlling department at mobile network operators headquarters because it helps them avoid revenue losses and fraud when it comes to Mobile Data services.
For this transaction, VoluBill was advised by Clipperton Finance, an advisory firm specializing in High-Tech and Media.
Posted on September 26, 2007 06:38 PM | Posted to | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/6018
