What Company is Offering:
MobiMate Ltd, a leading provider of travel services for mobile devices.
MobiMate's WorldMate Live is a mobile travel service that supports travelers by providing information and transaction capabilities on their mobile devices and PCs. The service includes a web 2.0 travel planning site and a mobile application to provide real-time, on-the-road travel support. With the ability to import travel booking information from third party travel providers, WorldMate allows for a simplified and seamless travel experience for users on-the-go.
How It Works:
Its best-selling WorldMate service offers an easy-to-use application that automatically delivers valuable content and services to users' cell phones, turning their mobile devices into a personal travel assistant. Removing stress and paperwork from the travel experience while saving time and money, it puts the traveler's itinerary alongside flight status updates, flight schedules, weather, forecasts and currency information in subscribers' hands in real-time
How Much They Got From VCs:
They completed of a round of financing led by Motorola Ventures, the strategic venture capital arm of Motorola, Inc. (NYSE:MOT). Motorola, Inc. joins MobiMate's current investor group which includes John Sculley, former CEO of Apple Computer; serial entrepreneur Richard Rosenblatt, investment banker Michael Price of Evercore Partners, Michael Targoff, CEO of Loral Space & Communications and several other prominent industry veterans.
More at:http://www.mobimate.com/
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