MobileIron raises another $16M
Written on August 4, 2010
MobileIron has completed a $16 million Series C round of financing led by Paul Holland, general partner with Foundation Capital.
Menlo Park-based Foundation Capital joined existing investors Norwest Venture Partners, which has an office in Palo Alto, and Sequoia Capital and Storm Ventures, both of Menlo Park, in the financing.
Mountain View-based MobileIron makes software that manages smart phone content across different operating systems, to help businesses as they turn toward smart phones and mobile devices.
The company said the funding will go toward business expansion and investment in innovation.
Filed in: economics.