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JiWire Jumps With $20 Million VC Round

Monday, May 09, 2011 5:54:00 AM PDT | VentureDeal Staff

   San Francisco, California  --  Wireless technology company JiWire has landed $20 million in its third round of institutional venture capital investment.

JiWire has developed a mobile broadband advertising network via WiFi and WiMAX networks.

Trident Capital led the round, which included previous investors Comcast Interactive Capital, Draper Fisher Jurvetson, Norwest Venture Partners and Panorama Capital.

The company said the new financing would be used to extend its "leadership position in location-based advertising." JiWire may also pursue additional M&A opportunities and further expand internationally.

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