TuneWiki Ltd., a provider of social media music players and related applications, has received an undisclosed equity financing from a syndicate led by Motorola Ventures, the strategic investment arm of Motorola, Inc. (NYSE:MOT).
Motorola was joined by new investors Intellect Capital Ventures, a venture fund initiative of TeliaSonera, the Nordic Telecommunications operator, managed by Intellect Partners, as well as HillsVen Capital, LLC and Novel TMT.
TuneWiki’s previous venture capital investor, Benchmark Israel, also participated in the round.
The company will use the funds to expand and enhance its product offerings for leading mobile platforms and the Internet. TuneWiki will continue to focus on the use of song lyrics in new and exciting ways that connect music fans around the world with new products, including an upcoming mobile game.
Founded in 2007, the company is headquartered in the British Virgin Islands and has offices in Los Angeles, California; Bellbrook, Ohio; and Tel Aviv, Israel.
FinSMEs
08/02/2010