deCarta, Inc., a San Jose, CA-based provider of location based services platform and applications, closed a $9.4m Series D financing round.
Led by CEO J. Kim Fennell, the company intends to use the funds to expand marketing, sales and engineering efforts to accelerate its growth in local search and location services in the mobile market, including the roll-out of the deCarta MapSearch offerings.
Its location services such as local search, integrated with on-line maps, provide Mobile Network Operators, Mobile Handset OEM’s and Local Search providers with new sources of revenue from subscriptions as well as from location-based advertising.
Customers of the company include Samsung, Opera Software, Telstra/Sensis and SingTel/Optus, T-Mobile.
FinSMEs
22/12/2010