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SendMe Mobile Raises $15 Million in Funding

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SendMe Mobile, an off-deck provider that sells ringtones and wallpapers and hosts mobile sweepstakes, plans to announce today that it has secured $15 million in a third round of capital. New investor GrandBanks Capital participated along side existing investors True Ventures and Spark Capital. SendMe has now raised $25 million in total, and has about 45 employees.

SEE ALSO: Sendme Mobile Buys Mobile Community Site Mbuzzy

The San Francisco-based company said it will use the financing to market its three brands—SendMeMobile.com, SoLow.com and mBuzzy.com. In the past year, the three-year-old company acquired off-portal community mbuzzy.com, and launched the mobile sweepstakes site SoLow.com. SendMe also has partnered with an impressive list of content companies, including Corbis, EMI Music, Glu (NSDQ: GLUU), Telcogames, Gameloft (EPA: GFT), Sony (NYSE: SNE) Pictures and others.

Mar 17, 2008 11:00 PM ET

Posted In: Entertainment, Money, M&A & Venture Capital, Venture Capital, Social Media, grandbanks capital, sendme mobile, spark capital, true ventures

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