4Info gets $20M more for text message advertising
Thu, Jan 22nd, 2009 |
4INFO, the Silicon Valley company that serves advertisements in mobile phone text messages, has raised another $20 million in funding.
The money comes from a previous backer, Peacock Equity, a joint venture between NBC Universal and GE Commercial Finance, according to a report in the WSJ. VentureBeat has heard that 4INFO’s advertising rates have plummeted since the onset of the economic downturn in October. The company could not immediately be reached for comment.
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