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Venture capital landslide: Xtract, Gemini, Vollee, Fon drink up

Venture-capital funding is in the air. No less than four wireless companies announced new infusions of cash for their burgeoning endeavors in the industry:
. Xtract announced it received more than $2.6 million in its first round of funding from Eqvitec Technology Fund III. The Finnish mobile marketing company is planning a second round of funding for later this year. Xtract plans to expand its operations internationally with the funding as it continues to develop mobile advertising strategies for advertisers and social-networking sites. “Our International growth is based on the growing demand of mobile advertising solutions and community analytics. Our unique competence, market-driven products and technology are currently opening new opportunities in the Internet and mobile advertising space,” CEO and Founder Kimmo Kiviluoto said.
. Infrastructure software developer Gemini Mobile Technologies announced it raised $20 million from Goldman Sachs. The company also plans to use the funding to expand its business internationally. “Since our founding, we have experienced strong momentum in the wireless marketplace with operations in the United States, Japan and China,” CEO and Co-Founder Scott Driggers said. “With financing, we will accelerate our pace of product development and enable us to expand and service new customers around the world.”
. Israeli mobile gaming company Vollee announce it scored $4 million in its latest round of funding from lead investor BlueRun Ventures and prior investor Benchmark Capital. “Vollee’s purpose is to fulfill the promise of mobile as a truly ubiquitous gaming device,” CEO Yossi Hasson said. “By leveraging the existing assets from game owners and the new 3G capacity of mobile carrier networks, Vollee is leading the way to enabling the most advanced gaming platform in the world.”
. Madrid, Spain-based “social router” company Fon announced it received $13.1 million in its latest round of funding from new investors-which it isn’t naming-and existing investors Google Inc., Skype, Index Ventures and Sequoia Capital. The year-old company said it has 320,000 registered users with at least 30,000 in the United States. It also has more than 120,000 Wi-Fi access points with more than 60,000 added in the last 60 days, according to the company. “We are very proud of what we have built this last year with our fantastic shareholders and just as proud to welcome the support and insight from the new ones,” CEO and Founder Martin Varsavsky said.


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