Telephia secures $40 million in third-round funding

In a boon that will fuel growth and product development for the wireless Internet, San Francisco, CA – based Telephia, Inc has secured $40 million in third-round funding, bringing the total equity capital raised by the Company to $54 million.

AEA Investors Inc. led this equity round of investment, joining existing leading investors such as Oak Hill Venture Partners, The Megunticook Fund, Prime New Ventures, and Cedar Grove Investments. This funding round also includes reinvestments by original equity holders pleased by Telephia's continuing success in providing marketing and network performance intelligence to wireless industry players.

The funds from this round will accelerate the company's growth, its emergence into new market sectors, and the build-out of its proprietary system of receiver networks and database infrastructure. Thus, the company will be able to better serve its diverse customer base, which includes four of the six major national wireless carriers, as well as tower companies, Internet companies, device manufacturers, software companies, consulting firms, and financial institutions.

Telephia's syndicated service offerings for the wireless industry – Market~trac, Pricing~trac, Media~trac, Net~Q, and Wireless E~trac – deliver comprehensive and actionable information on local market activity by accurately measuring subscriber market share, new subscribers, pricing, media spending, network quality, and subscriber attitudes and perceptions.

Edited by Ellen Jensen
Managing Editor, Wireless Networks Online