Mobile game software company Mobile Digital Media gets $2M recapitalization
Mobile Digital Media, a company that builds software that runs games and other applications on mobile devices, has raised $2 million from Cross Atlantic Partners and Sofinnova Partners, according to VentureWire.
The company’s web site features some of its marquee products — rather old-school games like Solitaire, that you pay a fee to buy the box version of, then install on your phone.
Milpitas, Calif.-based Mobile Digital Media started as a 2002 spin-off from Palm. It was bought in 2005 by a company called Filao SA, renamed Filao Americas — then Filao Americas merged with 995Soft, another mobile software company. Last spring, the company name changed back to Mobile Digital Media.
The money is a recapitalization, meaning that it previously raised money, ran out of it, and has now raised more — in such instances, founders stock shares typically get diluted, although I’m checking in for more comment from the company.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.