Rome-based Neomobile has raised an undisclosed round of capital from new investor UK-based BlueGem and existing investor MPS Venture of Italy. With the closing of the transaction, both investors become key shareholders of the company. Release.
In a release, Neomobile said the capital will support the further development of the company, which includes launching a dedicated new brand and business unit. Currently, the company supports multiple brands in different countries, including Dindo in Italy (see picture).
Neomobile said over the past three years, it has been experiencing compound revenue growth of 50 percent and has become a top mobile content player in Italy, Spain, Turkey and Brazil. Last October, the company raised $13.5 million in capital, just before announcing the purchase of Spanish Arena Mobile, which helped it expand internationally and into direct to business markets.