Ecrio raises more than $24M for mobile communications and commerce software
Ecrio, a Cupertino Calif. company that offers mobile communications and commerce software to mainly Japanese and Asian phone makers, said it has raised more than $24 million dollars in a third round of funding.
Investors included CSK, JAIC, Nomura Securities, Aplix, NTT DoCoMo, Visa, and existing backer Noventi/CIR Ventures.
Ecrio is used on about 24 million “3G” handsets in Japan and Asia. The company has also launched of MoBeam, which uses a phone’s screen as a mobile barcode. The company is working with Visa’s mobile payment platform.
We covered the company when it raised the first portion of this third round. The company has raised about $34 million to date from the previously named backers and existing investors Cdb Web Tech, Diamond Capital Co., NetNet Ventures and Nexit Ventures. Nexit is the largest shareholder.
The company earlier raised $3 million in 2005 and $7 million in a 2001.
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