Polar Mobile Raises $6M in Funding
Summary
Polar Mobile, a Toronto, Canada-based provider of a platform for digital media distribution, has raised $6m in funding.The round was led by Georgian Partners, with participation from the Ontario Venture Capital Fund.The company intends to use the funding to expand globally and launch a new product line MediaEverywhere, an HTML5-based solution to distribute media content in a multi-device environment, including smartphones, tablets and desktops.Led by CEO Kunal Gupta, Polar Mobile currently provides SMART, a solution for media companies to launch custom-branded apps across iPhone, iPad, Android, BlackBerry, PlayBook, Windows Phone and Nokia devices.The company has partnered with handset manufacturers around the world, entering into commercial agreements with Microsoft, Nokia, Research In Motion, Intel and Samsung.