Venture Capital News: HDmessaging Raises $3M Series A
2013-11-14
BURLINGAME, CA, Enhanced Mobile Messaging company, today announced that it has closed $3m in funding to help accelerate its growth.
HDmessaging, the Enhanced Mobile Messaging company, today announced that it has closed $3m in funding to help accelerate its already impressive growth. The investment was led by GrandBanks Capital, with participation from IDG Ventures, Nexit Ventures and Lighthouse Capital Partners.
HDmessaging provides its white label messaging service to mobile operators with a combined user base of over 800 million consumers to help them combat the threat of OTT messaging apps like WhatsApp, Line and WeChat. HDmessaging already lists Vodafone, Airtel, Aircel, Singtel, Idea, T-Mobile and Maxis amongst its operator partners and will use the funds to further expand its customer base.
HDmessaging also provides its patented MagicWords platform to both OTT messaging and operator partners. The MagicWords technology enhances messaging with contextual links and recommendations based on the content of the conversation and the profiles of the users chatting.
'This funding is a vote of confidence in HDmessaging's vision of the next generation of mobile messaging,' said Jonathon Linner, CEO, HDmessaging. 'We plan to use this funding to increase investment in product development for both our white label messaging and MagicWords platforms, and to drive more international growth.'
HDmessaging currently processes 1 billion messages a month, growing at 200% per quarter.
'We encouraged HDmessaging to take this funding because we are very excited about the amazing momentum the company has generated, and their ability to accelerate features and new markets,' said Charley Lax, managing general partner, GrandBanks Capital. 'HDmessaging is the leading provide of white label IP messaging services, and mobile messaging is undergoing phenomenal transformation. We couldn't be more excited'
About HDmessaging
HDmessaging is powering a revolution in mobile messaging. Our white-label platform and applications for mobile operators provide group conversation, IP-based messaging, media sharing, cross-platform access, SMS compatibility, cloud storage and more. MagicWords, our patented context engine for mobile messaging, makes messaging more compelling for consumers and provides a new monetization opportunity for our operator partners. HDmessaging is a privately held company with offices in U
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