Tech Company Financing Transactions
Papaya Mobile Funding Round
Papaya Mobile closed a $4 million funding round on 6/23/2010. Investors included DCM Ventures.
Transaction Overview
Company Name
Announced On
6/23/2010
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Undisclosed
Investors
DCM Ventures (Hurst Lin)
Proceeds Purpose
The company is already profitable, and the new round of funding will be used to help it increase its developer community, further develop its social and gaming mobile applications, and expand the management team.
Company Information
Company Status
Private & Independent
Industry
Mobile
Mailing Address
11/F Block A Science and Technology Fortune Center No. 8 Xue
Beijing, 100192
China
Beijing, 100192
China
Phone
Website
Email Address
Overview
PapayaMobile provides third party developers with an open-API, cross-platform mobile social networking service (SNS) focusing on social games and virtual goods.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Si Shen
Chief Financial Officer
Adam Zhao
Chief Technical Officer
Wenjie Qian
VP - Finance
Shirley Shen
VP - Marketing
Richard O'Connell
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Prev: 6/23/2010: NeuroSky venture capital transaction
Next: 6/23/2010: ViaCLIX venture capital transaction
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