MeLLmo, a fast-growing maker of mobile business apps, announced this morning that it has raised $10 million from a group of private investors.
The San Diego-based company, whose key application is called Roambi, did not disclose the names of its investors. It has a total of $20 million since its formation in 2008.
Santiago Becerra, chairman and co-founder of MeLLmo, told peHub that MeLLmo is cash flow positive. He added that he anticipates the app developer’s revenue will grow between 300% and 400% next year, in part owing to its growing stable of Fortune 500 clients.
MeLLmo will also go on a hiring spree in 2011, Becerra said. The company, now with around 60 employees, will bolster its sales and app development staff, and Becerra said he expects to double his team in the next 12 months.
The company plans to use a portion of its Series C fund-raising to expand its offices beyond California. Next, MeLLmo will open offices in New York, London and China.
“MeLLmo is helping enterprises and small to medium-sized businesses take full advantage of the iPhone and iPad as business tools,” Becerra said.
He added that the company may expand the number of smartphone and tablet platforms that it serves next year, as more mobile competitors take on Apple.
Becerra said MeLLmo may need to dip into the VC market again next year, but he declined to identify any future fund-raising targets.