Airborne Gets $7 Million Funding

This is interesting, considering the Canada-based mobile content firm Airborne was majority bought by Japanese firm Cybird about two years ago, and last year it intended to do an IPO with the 15 percent stake the original investors had retained back. Now it turns out that Wellington Financial LP, a privately held
specialty finance firm in Toronto, has invested $7 million in the company, to “pursue select strategic acquisitions and manage their growing working capital requirements.” Wellington previously invested in the company in April 2004, prior to its sale to Cybird.
Airborne’s other existing shareholders include CYBIRD Co. Ltd., Insight Venture Partners, Verizon Wireless, Telesystem and Palomino Capital.
Related:
Airborne To Go Public in Canada
Airborne Acquisition: Some Financial Details
Airborne Sold For $90 Million To Cybird

Comments have been disabled for this post