Funambol Gets $12.5 Million For Mobile Mail Sync, Signs AOL


Open-source mobile messaging platform Funambol has scored a $12.5 million second funding round to expand in to Europe and Asia. Redwood City-based Funambol, which has R&D in Italy, makes solutions to sync email across desktop apps and mobile. The round was led by Nexit Ventures and brings its funding up to $25 million. Castile Ventures joined existing investors Walden International and HIG Ventures. Funambol said it had been tapped by AOL (NYSE: TWX) to power its online and mobile mail synchronization. In February, it hooked up with mobile ad net Amobee to insert mobile ads in to its mobile email client. Release.

Comments are closed.