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Gemini Mobile has raised an additional financing round of $5 million from Japan’s ACCESS, Aplix Corp. and Nomura Securities. Previous investor, Mitsubishi-UFJ Capital, also invested in this latest round. The new funding follows the recent $20 million round from Goldman Sachs announced in March. The new financing will be used for general business purposes including continued momentum of Gemini’s international expansion efforts.
According to the press release:
In addition to the new financing, ACCESS and Aplix plan to explore the sales and distribution of Gemini’s messaging product and its new eXplo software, the 3D community platform for mobile phones that allows users to chat, photo share and shop in a rich graphical world within their phones. Already, Gemini’s eXplo is the foundation of a new 3D interface from SoftBank Japan, named S! Town, which has gained significant users since it launched in late 2006.
While the total dollar amount might make this appear like a symbolic gesture, gaining both ACCESS and Aplix as shareholders is potentially much more valuable to Gemini going forward. Congrats!
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we been been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!