News Articles

Tuesday, January 24, 2012

Onavo receives funding from Motorola for its free data-saving apps

Onavo, which offers free apps for monitoring mobile data usage, has arranged an additional $10 million in funding. This deal was led by Horizons Ventures, the private investment arm of Hutchison Whampoa chairman Mr Li Ka-shing, along with Motorola Mobility Ventures.

The additional funds will be used to expand Onavo’s product offering and reach.

Guy Rosen, Onavo co-founder and CEO, said “The cost of data is an issue for mobile users and carriers all over the world. As the leading service to help consumers get more out of their data plans, we are thrilled to bring on board leading partners from both Asia and the US, and to have the ongoing support of our existing investors.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«July 2021»
MonTueWedThuFriSatSun
2829301234
567891011
12131415161718
19202122232425
2627282930311
2345678

Archive

Terms Of Use | Privacy Statement