Financing round was led by Sequoia Capital and existing investor First Mark Capital
India-based mobile VAS specialist says the funding will enable it to embark on its next phase of growth.
Spark Ventures plc is a founding partner of IMImobile and remains the largest institutional shareholder having provided the seed capital for the company.
MAPE Advisory Group acted as advisor to IMImobile for the investment and Sequoia Capital MD Mohit Bhatnagarwill join the company's Board.
IMImobile has recently expanded activity in Europe with the acquisitions of UK digital content specialist dx3 and UK-based Mobytec, the technology platform powering the award-winning Mobyko social aggregation service.
Vishwanath Alluri, Founder and CEO of IMImobile said: “The new financing will enable us to develop our cloud infrastructure for Tier 1 telecom operators and allow us to expand our customer base and account penetration through acquisitions. Sequoia Capital’s global experience and strong local expertise will be a key differentiator as we look to launch into our next phase of growth.”
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