Nimbuzz Lands $15M

Mobile VOIP and IM provider Nimbuzz has raised $15M in second round funding

July 2, 2008

1 Min Read

LONDON -- Nimbuzz (http://www.nimbuzz.com), the comprehensive mobile VoIP and IM provider that also brings IM and voice to social networks, has raised $15 million Second Round funding. The new round of funding was led by Naspers/MIH (http://www.naspers.com) with Nimbuzz's other major existing investor Mangrove Capital Partners (http://www.mangrove-vc.com) also participating.

Nimbuzz will use this latest funding to continue to develop its product offering into the most comprehensive and user friendly application for the widest range of handsets, across multiple IM and Social Network communities and in any country.

Founder and CEO Evert Jaap Lugt commented: "We are actively working on strategic distribution deals with leading social networks and mobile operators. It is our aim to blend our technology with existing mobile internet access to upgrade the value chain for business and consumers alike. Operators understand the need for services like Nimbuzz which provide traffic and drive the demand for mobile data plans, an ever more important revenue stream."

"Nimbuzz brings IM and voice to social networks," adds Lugt. "By incorporating our applications, social networks can offer their users fully integrated real-time communication services like voice calls, chat, file sharing and access to their friends in other popular IM communities such as Skype, AIM, Yahoo, MSN and GTalk. Additionally, their online social networking experience can be extended to the mobile phone, allowing them to become completely connected."

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