Saturday, January 24, 2009

Wireless Advertising Companies Continue to Get Funding - 4INFO Raises $20M

San Mateo based 4INFO, a mobile media company and pioneer of SMS advertising and publishing services anounnced that it has raised $20 million in equity and debt funding.

The funding came from existing investors Peacock Equity (a JV that includes GE Capital, NBC Universal, and Gannett), US Venture Partners, Draper Fisher Jurvetson, and Sand Hill Capital as well as new investor,  Selby Ventures.

4INFO will use this funding to continue expansion into traditional media partnerships for integrated mobile campaigns, as well as accelerated development of 4INFO mobile marketing services and rich media technology.