|By Marketwired .||
|March 7, 2007 03:30 PM EST||
SAN FRANCISCO, CA -- (MARKET WIRE) -- 03/07/07 -- Flurry, a leading creator of mobile applications and services, announced the close of $3.75 million Series A funding. The company launched a mobile email and RSS service for consumers in early 2006 and will use the funding to accelerate growth and adoption of the service, enhance the product and expand the management team. Draper Fisher Jurvetson and Draper Richards joined initial angel investor Borealis Ventures to fund the round.
Flurry's free service allows consumers to access email and RSS news feeds using standard mobile phones. The flexible and easy-to-use application works with more than 500 different phone models worldwide and is supported by more than 700 different carriers and 7,000 email providers.
Jennifer Fonstad of DFJ will join Flurry's Board of Directors. "The entire investor group is excited about the vision and the early momentum created by Flurry's founders. The enthusiasm we have seen from early users of the application is an indication of the significant worldwide business opportunity ahead."
Flurry is used in more than 200 countries, and is offered directly to consumers from Flurry's web site. Flurry users can easily manage and control their preferences, email accounts and RSS subscriptions using their PC or WAP browser, enabling them to access and act on their data using their mobile phone.
"Our vision is to enable all people -- even the vast majority who don't use expensive smart phones -- to experience the benefits of next-generation mobile applications," said Sean Byrnes, chief executive officer of Flurry, Inc. "Now everyone can have the convenience of mobile messaging solutions without the expense and complexity of traditional approaches."
About Flurry, Inc.
Flurry, Inc. is a next generation, consumer-based mobile services company based in San Francisco, CA. Flurry's flagship service provides simple access to a user's personal email accounts and news from their regular mobile phone.
Flurry brings the mobile professional user experience to retail consumers. For more information, visit http://www.flurry.com.
About Draper Fisher Jurvetson
Draper Fisher Jurvetson is the pre-eminent venture capital firm with global presence through a network of affiliated funds, with offices in more than 30 cities around the world and over $4 billion in capital commitments. DFJ's mission is to identify, provide capital for, and serve extraordinary entrepreneurs anywhere who want to change the world. Over the past twenty years, DFJ has been proud to back approximately 300 companies across a myriad of sectors including such industry changing catalysts as Hotmail (acquired by Microsoft), Baidu, Skype (acquired by eBay), United Online, Overture (acquired by Yahoo!), Interwoven, 411 (acquired by Yahoo!), Parametric, and Digidesign (acquired by Avid Technology). For more information, visit http://www.dfj.com.
About Borealis Ventures
Borealis Ventures is a seed and early-stage venture capital firm dedicated to working hands-on with entrepreneurs to build the next generation of great technology companies. Based in Northern New England, Borealis focuses on the application software and online consumer services sectors, as well as a broader array of opportunities from the Dartmouth College network.
About Draper Richards
Draper Richards L.P. is a leading venture capital firm investing in seed and early-stage technology companies. Since 1996, the firm has funded entrepreneurs with the energy, vision, experience, and desire to build great companies. Draper Richards' experienced management team, headed by veteran venture capitalist William H. Draper, III, is dedicated to helping entrepreneurs achieve their maximum potential through contacts, advice, and support. Draper Richards L.P. is located in San Francisco, California. For more information on Draper Richards L.P., visit http://www.draperrichards.com.
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