Fortumo Raises $10 Million of Funding

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Seed: $10,000,000

Founded: 10/2007
Industry: Mobile

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San Francisco, California – Fortumo, a developer-friendly mobile payments provider has raised $10 million of funding from Intel Capital and Greycroft Partners.

“The opportunity in the mobile payments segment is enormous, and we believe that Fortumo is well positioned to capitalize on the trend of operator based billing, says Marcin Hejka, Managing Director of Intel Capital Eastern Europe, Middle East and Africa. “The Fortumo team is a great example for the strong talent in the Central and Eastern European region able to build innovative and globally successful solutions. ”

Aside from the new funding, Fortumo is also partnering with Vodafone Group for direct operator billing in 13 countries and with China Mobile.


Funding Total: $10,000,000

Round Date Amount Pre Amount Post Amount
Seed 02/2013 $10,000,000
Investors: Intel Capital, Greycroft Partners

See all fundings here


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