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Snaptu, Ltd. Receives Series B Investment From Carmel Ventures And Sequoia Capital
| Date | Company | Series | Funding Amount |
| June 2010 | Snaptu, Ltd. | B | $6,000,000 |
| Round Details | |
| Funding Amount | $6,000,000 |
| Has Liquidation Preference? | Yes |
| Has Anti-Dilution Protection? | Yes |
| Investment Types |
|
| Company Age At Funding | 3 years |
| Investor | Investor Type | Investment | Stake Acquired |
| Carmel Ventures (Lead Investor) | Venture Capital | ||
| Sequoia Capital | Venture Capital |
| Financials for Snaptu, Ltd. | Valuation Multiples | ||
| Total Assets | N/A | V / A | |
| Stockholder's Equity | N/A | V / SE | |
| Revenues | N/A | V / R | |
| Net Income (Loss) | N/A | V / E | |
| Cash Flow | N/A | V / CF | |
| EBITDA | N/A | V / EBITDA | |
| Operating Income (Loss) | N/A | V / OI | |
| Business Description for Snaptu, Ltd. |
Snaptu, Ltd. (formerly Mobilca) is a mobile technology company that creates Java-based mobile applications that are accessible to people that don’t own a smartphone. In March 2011, Snaptu was acquired by Facebook, Inc. At the point of acquisition, Snaptu’s applications were compatible with over 2,500 mobile devices. |
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