Home > Home > Masabi raises $4 million in second round of financing from M8 Capital

Masabi raises $4 million in second round of financing from M8 Capital

11/04/2011| 10:07:14 AM| 中文

Mobile travel services winning more investment this week with UK-based rail ticketing system Masabi securing $4 million from its long term financial backer M8 Capital.

Mobile travel services winning more investment this week with UK-based rail ticketing system Masabi securing $4 million from its long term financial backer M8 Capital.

The latest injection of funds follows an initial first round of $2 million provided by M8 in September 2010.

Masabi says the new round will be used to develop the system into the area of Near Field Technology as well as continue its drive into overseas markets, in particular the US where it claims to have seen strong interest from rail suppliers.

Read full story at: http://www.tnooz.com/2011/11/02/mobile/masabi-raises-4-million-in-second-round-of-financing-from-m8-capital/

TAGS: Masabi | funding | mobile app
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