Nexmo, a UK-based provider of high-volume mobile short messaging services, has raised $3m from a consortium including NHN’s first corporate venturing deal outside of Asia.
Intel Capital, the corporate venturing unit of the eponymous US-listed chip maker, and NHN Investment, which provides the same role for the Korea-based eponymous media group, invested in Nexmo.
NHN has previously backed LTC, Dongwoon Anatech, M-Biz Global, Mekics, Dym (along with UAE-based Senaat), Nanoom Tech, Glosil, Smart Ace, Nepes Display, ATO Solution, Kostek Systems, SPM, Wonil, Saehwa IMC, Caffe Bene, Vessel, Solueta, DCG Systems, UGint, Doobic and Rekoo
The third investor in Nexmo was early-stage venture capital firm Initial Capital.
Nexmo said it was already profitable and would use the $3m to expand its applications in cloud telecommunications and link with more phone carriers directly.
Lisa Lambert, vice-president at Intel Capital, said: “As communication around the world moves rapidly toward apps, the cloud and other distributed platforms, there is an urgent need for businesses to pursue lean strategies which enable them to scale quickly and efficiently.
“Through disruptive technology and an extensive worldwide network of carrier partners, Nexmo is vastly improving the way apps engage with users no matter where they are or what devices they are on.”