Sorrent Raises $20 Million

May 06, 2005

Sorrent, Inc., a creator and publisher of mobile entertainment, has raised $20 million in Series D financing led by expansion-stage venture capital firm, Granite Global Ventures. Sorrent's current investors, including BA Venture Partners, New Enterprise Associates (NEA), Globespan Capital Partners and Sienna Ventures, joined Granite Global Ventures in the round. Sorrent plans to use the funding to continue its global expansion and extend the reach of its portfolio beyond games into other segments of mobile entertainment. The round will supply the working capital necessary for Sorrent's business. Hany Nada, a managing director with Granite Global Ventures, will join Sorrent's board of directors.