LBS Provider deCarta Raises $20 Million Third Round

imagedeCarta, the San Jose-based provider of technology for location-based services, says its third round totaled $20 million. An initial $6 million of this round, coming from Deutsche Telekom’s (NYSE: DT) T-Mobile VC Arm, was announced last month. It was announced then that additional investors and funding would be announced at a later date, so the announcement was expected. New investors include Hotung Group and TransLink Capital, as well as past backer Norwest Venture Partners. There are also two strategic investors that will be identified at a later date. deCarta says the investments from Hotung and TransLink will help it expand into the Asian market. The company has now raised over $35 million, having raised a $15 million round last Summer. Release.

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