Mobile gaming company Mforma is really going at it…just a couple of months after announcing a $44 million funding round, it is close to announcing another round of $40 million…expect an announcement tomorrow…
The first tranche of the new $40 million round–in this case $19 million–has been secured, and other will be taken as and when needed for additional and pending acquisitions…
The latest round is being led by Draper Fisher Jurvetson, and include participation by existing investors General Catalyst Partners and Bessemer Venture Partners.
The company has, for some time, weighed whether it should go public, but with the sudden downturn in the IPO market, that seems unlikely for some time now. The venture money raised–around $85 million till now–is similar to what it would have raised had it gone public.
The money will be used for acquisitions, and further expansion into Asia and Europe…
Related:
– $44 Million Financing For Mforma
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post