Gemini Mobile Announces New Investors
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!