Celltick Raises $11 Million in Third Round Funding

From PEsource

Europe
Celltick Raises $11 Million in Third Round Funding
By London, United Kingdom
Mar 7, 2005, 06:58

Celltick Technologies, aprovider of idle-screen services and interactive mobile broadcast, today announced the closing of its Series C financing with investments of $11 million, bringing the total funds raised to $20 million.

New investor Amadeus Capital Partners led this round of equity financing. Existing investor JVP (Jerusalem Venture Partners) also made a substantial new investment.

INFO SOURCES

Celltick Technologies
Third Floor
Adam House
1 Fitzroy Square
London, W1T 5EH
United Kingdom
Tel. +44- 20-7380-4402
Fax: +44- 20-7380-4401
E-mail: uk@celltick.com

FIRMS

Celltick is the world leader in idle-screen application and mobile interactive broadcast. Millions of users around the world already use the company's products, which allow mobile operators to deliver value-added service to the mass market simply and intuitively.

Founded in 2000, Celltick is headquartered in London, has its R&D operations in Israel and offices in China, India and Russia.

Amadeus invests venture capital in new technologies from offices in London and Cambridge, UK. Since its inception in 1997, Amadeus has backed over 45 companies in the UK and continental Europe, covering computer hardware and software, mobile and fixed communications technologies and medical technologies. Investments include Cambridge Silicon Radio, producing single chip bluetooth radios for short range connections and floated on the London Stock Exchange in 2004, Optos, a manufacturer of laser retinal scanners and number one in 2003's Tech Track 100, Cambridge Broadband, developing technologies for wireless broadband networks in countries with poor infrastructure and number one in 2004's Tech Track 100, Valista, an electronic payments company, Solexa, developing ultra high speed gene sequencing machines and AePONA, a developer of standards-based software gateways for the telecoms industry. Successful realisations from the Amadeus portfolio include Entropic, bought by Microsoft and Element-14, bought by Broadcom Corporation

JVP is a leading Israeli venture capital firm focusing on investments in early stage companies in the enterprise software & networking, semiconductors & components and communications & mobile infrastructure sectors. With over $680 million under management, and offices in Jerusalem, New York, London, Tokyo and Beijing, JVP leverages its international presence, vast expertise and substantial capital base to build companies with the potential to shape and dominate global markets.

Elwin Capital Partners is a leading venture capital firm focused on providing value-added expertise to outstanding technology-related companies in Europe. ECP invests in companies developing breakthrough technologies for the telecommunications, software and wireless sectors. ECP's Principals have extensive investing and operating experience in all of the major European markets. Based in London, ECP has a strong network of affiliations with leading organizations and thought leaders, which provide support to its portfolio companies on a pan-European basis. ECP works with outstanding and experienced management teams to support the rapid development of their companies into world-class organizations.

BOARD/MANAGEMENT

Amadeus Director Richard Anton, joins Celltick's Board. Adam Fisher, a General Partner in JVP is a board member of Celltick.

FUNDING HISTORY

August 8, 2001 | Herzliya Israel - August 8, 2001 - Celltick Technologies Inc. ("Celltick"), a global vendor of interactive mobile broadcasting solutions, announced today that it has raised $10 million in Series B equity funding led by Jerusalem Venture Partners ("JVP") and Elwin Capital Partners ("ECP").