Mountain View, Calif. – Bump Technologies, the developer of
a mobile application that lets users share information and data by
"bumping" their phones together, has raised $16.5 million in a new
round of venture capital financing, led by new investor Andreessen Horowitz.
Previous
backers Sequoia Capital, Sherpalo Ventures and SV Angel also participated in the
round.
Founded in 2008, Mountain View, Calif.-based Bump said 25 million users
have installed the Bump application on their iPhone and Android devices,
enabling them to quickly share photos, music, contacts, calendar events, text
messages and other data.
The company will use the funds to make additional
hires in engineering and product development.
Related Links:
http://blog.bu.mp/a-merry-christmas-and-a-happy-new-year
http://tinyurl.com/4mkeayp
(N.Y. Times)
