Aligo Secures $10.5 Million in Series C Expansion Financing

Strategic Insights -

Aligo, a global leader in mobile software solutions, has completed a $10.5 million round of Series C expansion financing, led by existing investors Thomas Weisel Venture Partners and RBC Capital Partners. The new funding will enable Aligo to accelerate its growth strategy, expand its product offerings, and strengthen its presence in the Asia-Pacific and European markets.

Key Takeaways:

  • Aligo completed a $10.5 million round of Series C expansion financing, exceeding its initial target.
  • The funding was led by existing investors Thomas Weisel Venture Partners and RBC Capital Partners, with participation from Dolphin Equity Partners and Motorola Ventures.
  • Aligo plans to use the funds to accelerate its growth strategy, expand its product offerings, and strengthen its presence in the Asia-Pacific and European markets.
  • The company has already demonstrated significant growth, with over 20 new customer acquisitions in 2003, including industry-leading giants such as Safeway, ChoicePoint, and Inter-Tel.
  • Aligo's Omni Mobile Platform has received attention from leading industry analysts, with senior wireless analyst Eugene Signorini of The Yankee Group calling the company a "strong force in the mobile applications market."
  • The company's goal for 2004 is to solidify its commanding lead in the mobile software category, with a focus on delivering innovative mobility solutions to global enterprises.

Statistics:

  • Aligo completed a $10.5 million round of Series C expansion financing.
  • The company has acquired over 20 new customers in 2003, including industry-leading giants such as Safeway, ChoicePoint, and Inter-Tel.
  • Aligo has established partnerships with three new distributors in Japan and a partnership with systems integrator Global Extend in Europe.
  • The company's Omni Mobile Platform has support for the .NET and Java development platforms.
  • Aligo has received attention from leading industry analysts, with senior wireless analyst Eugene Signorini of The Yankee Group calling the company a "strong force in the mobile applications market."

Sources:

  • "Aligo Secures $10.5 Million in Series C Expansion Financing" by PR Newswire.
  • Aligo Inc. Press Release.
  • Thomas Weisel Venture Partners L.P. Press Release.
  • RBC Capital Partners Press Release.
  • Dolphin Equity Partners Press Release.
  • Motorola Ventures Press Release.
  • The Yankee Group Press Release.