Dashwire, a US-based smartphone application company backed by the corporate venturing unit of New York-listed electronics retailer Best Buy, has been sold to Taiwan-based mobile phone company HTC. Terms were undisclosed, but reports have placed the valuation at up to $18.5m.
The company has received multiple rounds of funding from backers including Best Buy Capital and venture capital firm Trilogy Partnership. Dashwire was founded in 2006 and provides mobile and web applications which allow users to personalise their phones.
The company has reportedly raised at least $3.8m, with an SEC filing showing it raised $2.8m in 2009.
In December last year news provider Alarm Clock said it subsequently raised a further $1m from backers including Best Buy Capital. There are also further SEC filings of fundraisings, although it is unclear if they overlap with other rounds.