SKY MobileMedia Raises $15M

San Diego-based SKY MobileMedia has raised $15M in a Series B round of funding. The round was led by Sid R. Bass Associates, and included participation by previous investor Enterprise Partners Venture Capital. This round of funding brings SKY's total raised to more than $21.25M. SKY is developing application software platforms for mobile wireless handsets. The firm said that it will use the new investment to support the growing number of handset manufacturers using its software platform. The firm also said that it has named Ake Persson as Chairman of the Board. Persson was President of Ericsson's CDMA business unit in San Diego. Perse Faily, a General Partner at Sid R. Bass Associates is also now on the firm's board. More information »