Gannett Invests In Mobile Search Firm 4Info, Again
By Rafat Ali - Tue 19 Jun 2007 08:52 PM PST
On the heels of the last weeks’ announcements that USA Today and 4Info have deepened ties to introduce mobile search services (paired with interactive advertising), Gannett Co., USA Today’s parent company, has lead a new round of funding, investing $10 million in 4Info. This fourth round of funding also included previous investors U.S. Venture Partners and Draper Fisher Jurvetson. Sand Hill Capital joined the round as a new investor. 4Info will use the additional funding for product development and to expand its sales and distribution teams. Gannett has been a 4Info distribution partner since September 2005 and a strategic investor in the company since January 2006.
Posted in: Companies, Gannett, Mobile, Technologies/Formats, Search
