Bubble Motion Raises $14 Million

Bubble Motion Inc., a Mountain View, Calif.-based voice SMS company, has raised $14 million in Series C funding. Comcast Interactive Capital and NCD Investors were joined by return backers Sequoia Capital and Sequoia Capital

PRESS RELEASE

Bubble Motion, the pioneer and global leader of 'voice SMS', today announced $14 million in additional funding from existing investors Sequoia Capital US and Sequoia Capital India, as well as new investors Comcast Interactive Capital and NCD Investors.

This additional funding will allow the company to further develop and expand the award-winning BubbleTALK platform, and will enable the company to focus on securing additional operator partnerships around the world.

Over 135 million consumers currently use the BubbleTALK service, which provides a 'click, talk, and send' short voice messaging service that works on any mobile phone.  Operators have been implementing the BubbleTALK service because it gives them a fun and easy-to-use new service that increases Average Revenue Per User (ARPU) without the need for any additional network infrastructure.

Gaurav Garg, Sequoia Capital US, said “Bubble Motion has continued to impress us with their developments over the past year and a half.  With a solid track record of success, a seasoned and experienced leadership team in place, and some phenomenal usage statistics, it is not surprising that the company received so much interest from the VC community.”

Tom Clayton, CEO of Bubble Motion, commented: “We are thrilled that Comcast Interactive Capital and NCD Investors have joined with Sequoia as new investors.  This new capital will enable us to accelerate even more aggressively on our global expansion goals.  Moreover, Comcast Interactive Capital will add a new perspective and hands-on help to the executive team as we continue our aggressive expansion.  With the upcoming new product releases and phenomenal traffic growth, we look forward to some very exciting times ahead.   I'm very pleased that both our new investors and our existing investors share that vision.”

As part of the financing, Deepak Sindwani, Principal at Comcast Interactive Capital, has joined Bubble Motion's Board of Directors.  “We are impressed by the viral subscriber and traffic growth of the BubbleTALK service globally and excited by its potential as a new communication and media-oriented service,” said Sindwani. “Comcast has a strong interest in developing leading-edge, multi-platform communications technologies.”

About Bubble Motion

Bubble Motion is the pioneer and global leader for 'voice SMS'.  The company offers the award-winning BubbleTALK service, and works with mobile operators around the world to create a global network of asynchronous voice messaging and advanced voice content applications.  For more information, please visit www.bubblemotion.com.

About Sequoia Capital

Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the “Entrepreneurs Behind the Entrepreneurs”, Sequoia Capital's venture capitalists have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Sujal Patel of Isilon Systems and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.

About Comcast Interactive Capital

Comcast Interactive Capital (CIC) is a venture capital fund focused on broadband, enterprise and interactive technologies. CIC is affiliated with Comcast Corporation (NASDAQ: CMCSK, CMCSA), a diversified global leader in cable, broadband services, telecommunications, and entertainment. CIC's primary goal is to generate superior financial returns from private equity investments in early and growth stage technology and services companies. To achieve this goal CIC works to foster the success of its portfolio companies by bringing to bear the unique resources, contacts, experience, and insight of both CIC and the Comcast family of companies. Additional information is available at www.civentures.com.