Wireless gaming developer, Digital Bridges has raised $18 million in a second round of funding that will help to expand the company. Original investors, Apax Partners and Argo II The Wireless Internet Fund have again provided the capital in this round of financing. The investment, subject to shareholder approval, has been unanimously approved by the board of Digital Bridges.
With the funding Digital Bridges aims to be a world leader in the creation of entertainment channels for mobile devices. Mobile entertainment accounts for over 70 per cent of revenues generated in Europe and Japan. Since its launch last year, Digital Bridges’ initial entertainment channel has gone live on around 30 mobile network operators worldwide. The company offers delivery technology, distribution and publishing capabilities and content design experience. Entertainment services using technologies such as SMS, Java, video streaming and colour graphics are all currently in production.
Brian Greasley has been appointed CEO of the company and will head the expansion programme. A pioneer of wireless Internet, Greasley founded Genie Internet in 1997. Since leaving Genie, Greasley has been entrepreneur in residence at Apax Partners.