This is a big amount for Picsel Technologies, the Scotland-based software company that develops a suite of products to create, publish, and display content on mobiles. It has received about $46.7 million funding from undisclosed U.S. and Japanese investors. The company raised about $16 million in to round starting 2001, and recently secured a large scale non-equity loan agreement with Malaysia Debt Ventures Berhad (MDV), the finance arm of the Malaysian Government, the story says.
The Herald: The company said it had more than doubled revenue and surged into profit for the first time - shrugging off a “fundamental uncertainty” warning from its auditor.  It recorded a pre-tax profit of £1.1m for the 2005 calendar year, compared with a £7.2m loss the previous year. Turnover, all of which comes from the Asian market via customers such as Samsung, Motorola, Sharp and NEC, surged to just over £13m, compared with £6.1m last time….the present money raise would be used to buy shares from venture capitalists and non-executive directors seeking an exit, and to pay down the company’s net debt - which, as of December 31, stood at £15.6m.