Miyowa Raises $8 Million

Miyowa, a Paris-based provider of IM and other mobile software, has raised $8 million in Series B funding. Credit Agricole Private Equity was joined on the deal by return backer Techfund. 

 

PRESS RELEASE

Miyowa, a dynamic global company providing compelling instant messaging and presence enriched Mobile Web 2.0 technologies, today announced completion of a second round of financing of $8 million bringing the company's total financing to date to $12.7 million.  The funding round was participated in by Techfund, who funded Miyowa's first round of financing in September 2006, and Credit Agricole Private Equity, a new investor.  Combined with revenue derived from increased mobile operator contract wins, the additional financing will be used to accelerate commercialization of Miyowa's existing products, bring to market a revolutionary enriched mobile instant messaging solution, and expand operations into the U.S. and Asia.

 

“Global mobile usage patterns are changing.  Mobile users now want to have access to all of their social desktop PC applications anywhere and at anytime,” said Michel de Lempdes, investment director at Cr