Visto, one of the companies trying to break the “mobile email for the massest” market, has secured further funding of $51 million.
This third round of funding since the comapny recapitalised in 2003 brings the complete sum invested in Visto to $280 million.
The money this time is led by led by Oak Investment Partners with new investor DFJ Growth Fund, and existing investors.
Barry Schuler, managing director of DFJ Growth Fund, and the former Chairman and CEO of America Online, has joined Visto’s Board of Directors as part of the investment deal.
Visto says it will use the funds to grow its subscriber base within operators such as Vodafone and Softbank and to support continued global expansion
“The investment community has again spoken and with this additional round of capital, they have validated our market position as we deploy our product through the world’s largest mobile operators to serious mobile email users everywhere, “ said Brian Bogosian, chairman, president and CEO.