Bluestreak Technology raises USD $20M in series D financing
October 11, 2007
MONTREAL -- Bluestreak Technology, Inc., the developer of the MachBlueT platform for mobile phones and digital television, announced today that it has secured USD $20 million in Series D financing. France's Iris Capital, a new investor, led the round, which also includes internal investors Solidarity Fund QFL, BDC Venture Capital and First Capital Group along with new investor Tomorrow Group from Korea. Proceeds will be used to expand development of the company's award-winning MachBlueT platform and to further consolidate the company's presence in the European and Asian markets.
Over the past months, Bluestreak has signed numerous deals, including partnerships with Symbian and ACCESS, to establish MachBlue as the go-to platform for the development of rich-media applications on mobile phones and digital TV devices.
Alexander Wiedmer, partner at Iris Capital, stated, "We believe that Bluestreak's unique technology is poised to capture a sizable market share in Europe as operators look to leverage content through rich media applications. Orange's success with its Bluestreak powered applications in France has already validated this approach.''
Bluestreak Technology Inc.
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