Bluestreak strikes it rich

Friday, 12th October 2007 at 10:30 am

Flash-based mobile TV software specialist raises $20 million.

New investor Iris Capital led the series D round, which also included existing Bluetreak investors Solidarity Fund QFL, BDC Venture Capital and First Capital Group along with new investor Tomorrow Group from Korea.

The company says the funds will be used to expand development its MachBlue platform and to further consolidate the company’s presence in Europea and Asia.

In recent months Bluestreak has inked partnerships with Symbian and Access.

http://www.mobile-ent.biz/news/29129/Bluestreak-strikes-it-rich