Funambol Secures $12.5 Million

Funambol, Inc., the leading provider of Mobile 2.0 messaging software powered by open source, today announced that it has secured $12.5 million in Series B funding, led by mobile-focused venture capital firm Nexit Ventures. Castile Ventures participated as a new investor and was joined by existing investors, Walden International and HIG Ventures.

The total funding target they aim at is $25 million. Funambol will use the funding for the growth of push email service further.

Right now, Funambol provides open source push email and PIM sync solutions for more than 1.5 billion mobile devices, including phones from Apple, Nokia, Motorola, Samsung, Sony Ericsson, LG and others

You can enjoy this service from www.funambol.com