Mobiquity has secured $12 million in Series B financing, led by NewSpring Growth (the dedicated technology and business services growth equity fund of NewSpring Capital). Existing investors Longworth Venture Partners and Sigma Partners also joined the round.
Bill Seibe (Founder, chairman, and CEO, Mobiquity): Q1 2013 has been our best quarter to date, during which we expanded our footprint and development capabilities into Atlanta, New York and Gainesville, and grew our product portfolio.
This brings Mobiquity’s total financing to date to $17 million. The new injection of capital will support its geographic expansion as well as continued investment in the company’s product portfolio, says the company.
Mobiquity is a professional services firm that creates enterprise-class mobile solutions and apps.
Upload: 09-01-13