WorldMate® Raises $8 Million in Series C Funding Round Led by BlackBerry Partners Fund
Summary
The service also tracks every trip and guides travelers along by “pushing” real-time alerts about schedule updates and changes, including flight delays and cancellations. WorldMate will use the capital to establish its corporate headquarters in the U.S. and continue to advance its position as the preeminent mobile travel service. The Company plans to bolster its marketing and business development efforts and further enhance the WorldMate product franchise by building upon and expanding beyond its relationships with mobile industry leaders around the world, including Research in Motion, Nokia, Motorola and many others. “With the leadership position WorldMate has established in mobile travel, the BlackBerry Partners Fund is eager to assist the company expand its reach and take advantage of the significant opportunities that lay ahead.” Based in Lod, Israel, privately held WorldMate, Inc. (and its parent company MobiMate Ltd.), develops award-winning mobile travel software. The Fund’s mandate is based on the premise that in the future smartphones will be powerful portable computers for use at home, work and leisure.