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Neomobile raises $13.5 million

Tim Green
Neomobile raises $13.5 million

The investment freeze hasn’t affected Italy’s Neomobile, which has just bagged $13.5 million in VC funding.

The mobile entertainment distributor raised the cash from the private equity arm of Monte Paschi Siena, which will recieve a 16 per cent stake in the company.

The capital will help Neomobile expand into the BRIC countries and other emerging markets.

Neomobile was founded in February 2007 as a spin-off of Teleunit.

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