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Mobile Posse Rounds Up $10 Million Second Round

Friday, December 14, 2007 6:00:00 AM PDT | VentureDeal Staff

MCLEAN, VA - Advertising networking company Mobile Posse, Inc. has secured $10 million in expansion stage financing from its existing investor group, according to PE Hub.

Mobile Posse has created a mobile advertising platform that enables service providers to deliver advertisements, information and content to the top level or "idle screen" of the mobile phone in a non-intrusive manner.

SoftBank Capital led the round, which included Court Square Ventures, Columbia Capital and other investors.  Proceeds purposes were not disclosed.

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