ViVOtech gets $24 million as NFC momentum picks up
Summary
ViVOtech, an end-to-end provider of near field communication hardware and software, has raised $24 million in a Series C round of funding, which will help the company expand its efforts to new countries. ViVOtech’s CEO Mike Mullagh recently told GigaOM that the company already provides the hardware and software behind most NFC readers today. ViVOtech, based in Santa Clara, Calif., provides both the point of sale readers and the software that helps enable NFC payments in retail environments. That’s going to be a key part of NFC’s promise, not just in making payments happen faster but in giving merchants a way to extend and strengthen their relationship with consumers. Disclosure: ViVOtech is backed by Alloy Ventures, which is also an investor in the Giga Omni Media network, the parent company of GigaOM.