Funambol Secures New Financing from Harbert European Growth Capital Fund to Accelerate Personal Cloud Global Expansion
Funambol personal cloud solution now deployed by eight tier-1 mobile operators on five continents for addressable user base of more than one billion subscribers
Funambol, the leading provider of white-label personal cloud solutions, today announced that it has secured new funding from Harbert European Growth Capital Fund (“HEGCF”), an alternative investment fund sponsored by Harbert Management Corporation (“HMC”) which invests in European growth businesses, predominantly in the technology, life sciences and environmental sectors. HMC is an alternative asset management firm with $3.2B in assets under management as of November 1, 2013. Funambol is using the financing to accelerate the worldwide expansion of its award-winning OneMediaHub personal cloud solution. Funambol OneMediaHub is now deployed by eight tier-1 mobile operators on five continents for an addressable market of 1B+ subscribers.
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