Fonemine Raises $4.5M for Expansion into New Markets
April 04, 2014
Fonemine, a provider of cloud-based enterprise mobile application solutions, has closed a $4.5 million Series B financing round led by Michigan eLab. The company's flagship product, MobileForce, enables enterprise sales, service, channel partners and end-customers to access key enterprise data through unified mobile apps that run on iOS, Android, Blackberry and HTML5 platforms. The company previously raised $7 million in funding, bringing its total to-date funding to about $11.5 million.
The latest financing will primarily be used to execute on an accelerated growth strategy that includes the expansion of Fonemine's sales, business development and marketing efforts. In addition, the new investment will be used to extend the capabilities of MobileForce products to address evolving customer requirements.