Cellphone games platform developer Mo'Minis Ltd. has raised $3 million in its third financing round from Mitsui Ventures, the venture capital arm of Japanese giant Mitsui & Co. Ltd. (TSE: 8031), BRM Capital, and other current investors. Mo'Minis raised $1.9 million prior to the present round.
Mo'Minis has developed a platform for casual games on mobile telephones. The platform helps games developers create content that is automatically supported by a large number of handsets, as well as saving development time and conversion of games between telephones. When development of a game is completed, Mo'Minis participates in its commercialization via the company's distribution network.
Mo'Minis CTO Tzach Hadar, VP community & content Eyal Rabinovich, and VP R&D Zvi Rabinovich founded the company.
Mo'Minis CEO Itzik Frid said, "Mitsui is a global company that invests in all sectors. I believe that it will exploit is extensive ties to leverage Mo'Minis."
Mitsui Ventures operates globally. It provides initial funding for technology companies in various fields and helps adapt non-Japanese business models to the Japanese market.
Published by Globes [online], Israel business news - www.globes-online.com - on November 22, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010