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Mforma Completes Second Round Of Funding

Officials from wireless games publisher Mforma announced that a second round of venture capital has been completed, injecting the company with $40 million in new funding....

David Jenkins

August 18, 2004

1 Min Read

Officials from wireless games publisher Mforma announced that a second round of venture capital has been completed, injecting the company with $40 million in new funding. The venture capital firm Draper Fisher Jurvetson joins existing investors General Catalyst Partners and Bessemer Venture Partners, which have already committed $44 million. According to Mforma CEO Daniel Kranzler, "This round, plus our previous funding, gives us as much capital as if we had gone public, yet we still have the flexibility of a private company to innovate in our business.” Source: Mforma

About the Author(s)

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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