Danger’s big bonanaza

Now that the world is coming to the realization that a phone is not just a phone, investors are lining up to get a piece of companies like Sendo and Danger. Danger of Palo Alto, California snagged a whopping $37 million from current and new investors. I think it is one of the biggest rounds of financing in recent days. Total funding at the company, which says it has the potential to stage an initial public offering, is now $114 million, according to VentureWire. Investors in the series D round include Redpoint Ventures, Softbank Capital Partners and Mobius Venture Capital. Two new investors also participated: Institutional Venture Partners and Adams Street Partners.

Hank Nothhaft, Danger’s Chairman and Chief Executive Officer said: “This oversubscribed round affirms Danger’s business model, position in the marketplace, and prospects for significant success within the mobile internet market.” In addition, Danger signed-up Sharp of Japan to make its devices. In the past 12 months, Danger has introduced two new hiptop models, lined up seven of its current eight announced carrier partners, hired new executives and moved into new facilities, adds Venture Wire. Company is looking to add more service providers to its list of customers.

loading

Comments have been disabled for this post