Momail, a provider of a free and global email service for mobile devices, announced the closure of its first round of funding, valued at $5.4 million. Investors include institutions such as the Swedish 6th Pension Fund and Bonnier Invest, as well as individual investors from Sweden, England, Russia, and South Africa.
Momail's MMOPE (Mobile Message Optimization and Protection Engine) technique optimizes all mobile data transmitted through its system, including attachments. This functionality is designed to speed up data transmission, while also saving up to 99% of the data sent to the mobile device. Momail leverages the built-in email support provided in most of today's mobile phones, in order to simplify the installation and use of mobile email.