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January 31, 2008
Shozu Raises C Round, Brings in New Investors
Tornado Insider has the news that ShoZu, a UK mobile social media company that has its own client software, raised €8.1M in Series C deal. It was led by new investor SEB Venture Capital, a UK-based venture capital arm of Swedish financial services firm Skandinaviska Enskilda Banken. Existing backers Atlas Venture, Crescendo Ventures and TTP Ventures also participated.
According to the Tornado report ShoZu's client will ship pre-installed on more than 50 million mobile phones in 2008 and 100,000 users are registering every month.
Posted on January 31, 2008 11:00 PM | Posted to News And Updates | Permalink
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