The additional funding has featured new investors, including EDBI, SingTel Innov8 and Motorola Solutions Venture Capital. In addition, ViVOtech’s current financial and strategic investors have also joined the round, namely Alloy Ventures, Citi Ventures, Draper Fisher Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR.
With the new funds, ViVOtech is planning to expand its services into more countries beyond the 35 where the company’s NFC software and systems are currently used.
In recent news, US-based provider of NFC software and systems Sequent Software has selected ViVOtech to provide Trusted Service Manager (TSM) for NFC-based mobile payments.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now