Mobile Analytics Company Xtract Raises $2.63 Million In First Round Funding

Helsinki, Finland-based Xtract has secured 2 million euros (US$2.63 million) in first round funding from Eqvitec Technology Fund III. Xtract provides customer analytics for mobile and community marketing, and will use the funding to further expand internationally. A second round of funding is expected to be raised later in 2007. Xtract hopes to benefit from the growing demand in mobile advertising. (release PDF)

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