Flybits Announces Second Closing of $4.75 Million Series A Financing
Vodafone has led a second closing of Flybits’ Series A round through Vodafone Ventures.
The announcement builds on Flybits’ previously announced Series A financing in August 2014, which was led by Robert Bosch Venture Capital and Trellis Capital.
Software-as-a-Service company Flybits enables consumer-focused enterprises to expand and manage mobile experiences that deliver targeted content and services. Its platform enhances mobile services to deliver a better customer experience, drive sales and capture analytical insight to establish a competitive advantage. The Flybits solution is easy to deploy, user-friendly and scalable.
“We’ve enjoyed an excellent partnership with Vodafone since beginning an incubation project with them almost two years ago,” said Dr. Hossein Rahnama, Founder and Chief Product Officer of Flybits.
“They helped us make our product carrier-grade, and this investment will allow us to leverage their presence in more than 21 countries. With the support of our strategic investors, Bosch and Vodafone, our plan is to become the leading platform for companies to develop and deliver intelligent and context-aware mobility solutions.”
Flybits has attracted customers in retail, transportation, banking and event management both in North America and Europe. The company enables its customers to create contextual experiences that go beyond traditional apps. While Flybits is focused on mobile today, the company’s vision extends as far as wearables, smart devices, embedded technology and emerging Internet of Everything trends.
