Report: PocketGear lands US15M funding - Mobile World Live

Report: PocketGear lands US15M funding

31 AUG 2010

TechCrunch reports that mobile apps store PocketGear has secured US$15 million in ‘series B’ funding, with investors including Trident Capital, BlackBerry Partners Fund and TomorrowVentures, the personal fund of Google’s Eric Schmidt. The report did not state what the funding will be used for. Previous investors have included venture capital firms Noro-Moseley Partners and Wakefield Group.

PocketGear operates a cross-platform store supporting platforms including Android, BlackBerry, Java, Symbian and Windows Mobile, with a catalogue of more than 140,000 applications including free and paid-for products. In addition to its own-brand properties, it also operates application stores for a number of other companies – it has relationships with “four of the world’s top five handset manufacturers, four of the top five mobile operators in the US, three of the top ten mobile operators globally, and leading media and ecommerce companies, including Samsung, LG, Sony Ericsson, Research in Motion, Microsoft, T-Mobile, AT&T, and Verizon Wireless.” It says that is has generated more than US$400 million in mobile application revenue for more than 32,000 developers in its PocketGear Developer programme.


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