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SoonR Receives $6 Million in Series A Funding; Capital to Fund Expansion of SoonR Services
CAMPBELL, Calif. --(Business Wire)-- Sept. 20, 2006 -- SoonR, a company that delivers the power of the PC and Mac to mobile phones, today announced it has completed a $6 million Series A round of funding. The investment was led by Clearstone Venture Partners, with participation by Intel Capital and private investors.
The company further announced that William Quigley, Managing Director, and David Stern, Venture Partner at Clearstone Venture Partners, were elected to its Board of Directors in connection with the financing.
The company will use the funding to grow its service that allows consumers to access data and applications on their PC or Mac from any mobile handset anywhere in the world, no matter which carrier network. SoonR fully enables phones and Ultra Mobile PCs to leverage the power of content and applications on PCs and Macs.
"We are excited to be working with Clearstone Venture Partners and Intel Capital," said Martin Frid-Nielsen, CEO of SoonR. "They bring significant global connections that will help us expand into new markets."
"SoonR is a visionary and fast-moving company offering a broad technology platform that is positioned to be an indispensable service for hundreds of millions of mobile users. I am excited to be part of this team," said William Quigley, Managing Director at Clearstone Venture Partners.
The way people access information is rapidly evolving -- low-cost storage, high-speed wireless deployment; powerful portable phones and devices are becoming the standard worldwide. SoonR accelerates a future where the retrieval and sharing of an individual's digital assets can be easily managed from any mobile device at any location.
"As we see the PC expanding its role within the mobile digital lifestyle, we share SoonR's vision of delivering this flexibility to any mobile device," said Sriram Viswanathan, Vice President, Intel Capital and Managing Director, Mobility Sector. "SoonR's services will undoubtedly empower users at a crucial time -- just when they are demanding this freedom."
Additional investors participating in the round include William Stewart, SoonR Board member, Chairman of Sand Hill Capital, Founder/Chairman of Asia Pacific Ventures and APV Technology Partners; Thomvest Seed Capital, Inc; Melinda Rogers of Rogers Communications, Inc.; Patrick McVeigh, SoonR Board Member and former CEO of PalmSource as well as other private investors. Wilson Sonsini Goodrich & Rosati, Professional Corporation, advised SoonR regarding this investment.
About SoonR
SoonR lets mobile users tap into the power of their computers from any Internet-connected mobile handset, anywhere in the world. The SoonR service is built on a secure and extensible, open standards based mobile application platform, linking mobile phones to applications and data on any Internet connected Windows or Mac computer. People can use SoonR Desktop to search and access documents and images, SoonR Organizer for email, scheduling and contacts and SoonR Talk for mobile VoIP. SoonR integrates with a variety of Windows or Mac-based applications such as Google Desktop Search, MSN Desktop Search, Yahoo! Desktop Search, X1, Spotlight, Outlook and Skype. PC-based data is automatically rendered for an optimal mobile experience. SoonR performs all these functions without synchronization or any additional software on the handset. SoonR works across carriers and on any handset operating system including Palm, Microsoft, Blackberry, Symbian and others. The basic SoonR service is free. Data service is required and some SMS charges may apply.
SoonR was founded in 2005 by a team that has successfully worked together across multiple companies and is based in both Silicon Valley and Denmark. For more information, visit www.soonr.com.
SoonR is a registered trademark of SoonR, Inc. Skype, Yahoo!, X1, Google, Palm, Microsoft, MSN, MS Outlook, Windows, Mac OS, Spotlight, Blackberry and Symbian are trademarks of their respective owners.
About Intel Capital
Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$4 billion in more than 1,000 companies spanning more than 30 countries. During this time, about 160 portfolio companies have been acquired and another 150 have gone public on exchanges around the world. In 2005, Intel Capital invested about US$265 million in about 140 deals with approximately 60 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
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