Obopay Closes $29M

Obopay, a service provider for payments over mobile phones located in Redwood City, California, has closed a Series C round, raising $29 million. Richmond Global Cellular, an affiliate fund of Richmond Management, led the round and all current investors, including Qualcomm and Redpoint Ventures, participated. New investors included AllianceBernstein, Citi, Societe Generale, and others. www.obopay.com