MobiMate Completes Financing Round led by Motorola Ventures

Nov 20, 2007

MobiMate Ltd, a provider of travel services for mobile devices, has announced the completion of a round of financing led by Motorola Ventures, the strategic venture capital arm of Motorola, Inc. Motorola, Inc. joins MobiMate's current investor group, which includes John Sculley, former CEO of Apple Computer; serial entrepreneur Richard Rosenblatt, investment banker Michael Price of Evercore Partners, Michael Targoff, CEO of Loral Space & Communications and several other prominent industry veterans.

MobiMate's WorldMate Live is a mobile travel service that supports travelers by providing information and transaction capabilities on their mobile devices and PCs. The service includes a travel planning site and a mobile application to provide real-time, on-the-road travel support.