M-Qube Secures $10M

M-Qube raises $10 million in new financing led by HarbourVest Partners

August 16, 2005

1 Min Read

BOSTON -- m-Qube, a leading mobile channel enabler, today announced $10 million in new financing led by HarbourVest Partners, LLC, a global private equity investment firm, and with the participation of existing investors. The financing from HarbourVest will support m-Qube’s accelerating company growth and technology roadmap. The funds will also be used for strategic acquisitions.

“We’re very excited to have HarbourVest invest in our business as they have a reputation for investing in companies that demonstrate technical expertise and market leadership,” said Jeffrey Glass, CEO, m-Qube. “m-Qube has experienced tremendous growth and momentum over the past year, and we intend to tap into these funds to support our continued development while also evaluating strategic acquisitions that will further our leadership position in this fast growing market.”

“When identifying company investments, HarbourVest focuses on leading companies in rapidly growing sectors,” said Ofer Nemirovsky, a managing director with HarbourVest Partners. “The mobile channel has realized torrid growth, and m-Qube is a market leader with mature technology, superior leadership and a customer roster of household names. We’re confident that they are positioned for continued growth and leadership in this space.”

m-Qube Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like