PayPal has acquired mobile commerce platform Modest, the former announced on its site. No financial terms were disclosed. According to Crunchbase, Modest’s backers included Base Ventures and Hyde Park Venture Partners.
Kohlberg Kravis Roberts & Co and Anchor Equity Partners have agreed to buy a controlling stake in Ticket Monster, a mobile commerce company based in South Korea. The seller is Groupon Inc, which will retain a minority stake in TMON. No financial terms were disclosed for the deal that is expected to close in the second quarter of this year. Canada Pension Plan Investment Board and Pavilion Capital will be co-investing in this transaction.
Mobile commerce platform P97 Networks has raised $8 million in Series A funding. Emerald Technology Ventures led the round with participation from other investors that included American Trading and Production Corp. In addition to the funding, Charles Vaslet, a partner at Emerald Technology Ventures, has been added to P97’s board of directors. Pharus Advisors advised P97 on the transaction.
Movile, a Latin America-based mobile commerce platform, has raised $55 million in funding. Investors included Innova Capital, which led a $35 million Series D round. Also, Movile has received $20 million through FINEP, Brazil’s Funding Authority for Studies and Projects within the Ministry of Technology.
San Francisco-based cloud and mobile commerce firm Deem has closed $50 million in funding. Hony Capital was the lead investor. According to the firm, the capital will be used for growth, expansion and to make acquisitions.
Consumer brands want to experiment with mobile commerce. But you might be surprised where they want to focus. It isn’t always on coupons that offer product discounts. Why condition a loyal customer to expect a price break? Three big consumer brand companies -– Coca Cola, Best Buy and Procter & Gamble –- offered tips on […]
Foursquare Labs, Yammer, Groupon. Social mobile media is hot, especially if it targets ecommerce and the enterprise. So how does a tiny next generation startup compete with today’s more entrenched players? That seemed to be the unanswered question at the Under the Radar conference today in Mountain View, Calif. The conference brought together more than […]