mobilePeople, a local mobile search company, has today received $8million USD investment from Nordic based venture capitalist firm Via Venture Partners. The funding is said to mean that mobilePeople has the ability to expand its international reach within the global mobile search and advertising space.
Via Venture Partners is a multi stage venture fund investing in companies in the Nordic region. The company invests in internet, communication software and ICT growth companies.
"Via Venture Partners only invests in the best of breed technology and companies and mobilePeople is a case in point. Mobile People has consistently proved that mobile local search and advertising is a fantastic monetisation opportunity and that dedication to customers pays dividends in the long run," said Peter Thorlund Haahr, Senior Partner at Via Ventures.
Jens Andersen, CEO and co-founder of mobilePeople commented on the funding: "This injection of funds will allow us to ensure our global expansion and to focus on the continuous roll-out of innovative mobile services and local advertising solutions for our customers in the directory publishing space."