On 6th March, 2008, Rapid Mobile Media Limited announced its’ most recent investment deal. Through this deal, Rapid Mobile Media Limited received an investment worth $4.01 million from four companies, namely, New Enterprise Associates, Pentech Ventures, Scottish Venture Fund and Alliance Trust Equity Partners.
Recently, Rapid Mobile Media Limited announced an investment deal worth $4.01 million (approx.).
The company informed that it was going to receive this huge funding from four companies namely, New Enterprise Associates, Pentech Ventures, Alliance Trust Equity Partners and Scottish Venture Fund.
Company Profile of Rapid Mobile Media Limited
Rapid Mobile Media Limited provides softwares, which help the mobile companies in automatic optimization and installation of applications on the mobile phones.
Moreover, different technology platforms provided by Rapid Mobile Media Limited, offers complete management solutions for mobile advertising campaigns.
Details of the Deal
On 6th March 2008, Rapid Mobile Media Limited announced that it has completed the transactions of investment deal. It has been informed that, New Enterprise Associates led this investment round, which is a venture capital firm of US.
The other companies, which participated in this investment round, were Pentech Ventures, Scottish Venture Fund and Alliance Trust Equity Partners. It can be mentioned here, that Alliance Trust Equity Partners invested in Rapid Mobile Media Limited for the first time with this investment deal.
The huge funding received through this investment deal, would be used by Rapid Mobile Media Limited for the following activities:
The funds would serve as the working capital, required for the expansion of manufacturing capacity.
The funds would be utilized for accelerating the processes of commercial deployment.
The investment would also help Rapid Mobile Media Limited in developing automatic mobile application deployment technology.
In respect of this investment deal, Jeremy Corp, CEO, Rapid Mobile Media Limited, opined that, this investment deal would help Rapid Mobile Media Limited to gain a leadership position in the mobile advertising markets and mobile service market of the world.