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mBlox Raises Additional Investment Funding

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Mobile messaging vendor, mBlox says that it has raised an additional USD43.5 million to fund the continued growth of its business.

Armentum Partners advised mBlox during this round of financing. Comerica and Horizon Technology Finance Corporation (Nasdaq: HRZN) were among the participants, in addition to some of mBlox's largest investors including Norwest Venture Partners, Scale Ventures, Avanti, Trident, Stratem and Saints Capital.

"We see opportunity in the market, and will be aggressive in making strategic investments that will reaffirm our leadership position and drive the industry forward," said Tom Cotney, CEO of mBlox. "We will continue to provide our customers with the best global messaging services that enable them to reach their target audiences. Our partners have provided the necessary funding that allows us to continue investing in scalability and innovation."

The company did not outline in any detail what their growth plans would be.

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