Airborne Mobile Closes $2 Million Growth Financing Round

by Rob Lewis | Business
Montreal's Airborne Mobile announced earlier this week the closing of a $2 Million growth financing round with iNovia Capital. The injection of capital will be used to finance Airborne’s new initiatives in mobile media and other business opportunities.
Airborne is a 10-year pioneer in the mobile content industry, firmly-entrenched in partnerships with every major North American wireless carrier as well as with high-profile consumer brands like Fox’s Family Guy and Food Network, Airborne is enjoying a renaissance despite the current economic environment.
“This is indeed a vote of confidence in our business and our management team,” said Bornstein. “After a summer of restructuring and refocusing, we have just completed the most profitable quarter in the company’s history. We appreciate the faith and insight of the iNovia Capital team, and look forward to creating a ‘New Airborne’; one that optimizes the heritage and goodwill of the past while maximizing the opportunities of the present and future.”
In addition to the ongoing operation of its legacy business, three of Airborne Mobile’s new product initiatives for the first half of ’09 include an application for home buyers and real estate agents, an interactive cable TV network and a privacy application that enables users to carry out mobile phone conversations without giving out their phone numbers.
Company:
Airborne Mobile
Location:
Montréal, Québec, Canada

Airborne Mobile is a leading creator, aggregator and distributor of mobile games and other entertainment for mobile devices. Via the PocketBoxOffice™ Micro-Entertainment Network, Airborne Entertainment distributes specialty channels and programs to wireless carriers, reaching nearly 100% of all enabled mobile subscribers in North America. A privately held company, Airborne Mobile was founded... more

Company:
iNovia Capital
Location:
Montréal, Québec, Canada

iNovia is an early stage venture capital firm that partners with visionary entrepreneurs to build the next generation of digital platforms and services. We leverage our distributed team and network of experienced founders, company builders and engineers to foster the growth of category-defining businesses. Headquartered in Canada, iNovia manages $450M and invests across North America. more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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