Sequent Software, a US-based provider of near field communication (NFC) software and systems previously operating as Sparq Mobile Solutions, has raised an undisclosed amount in its series A round co-led by SK Telecom Ventures, the corporate venturing unit of Korea’s largest phone operator.
Venture capital firm Opus Capital was the other co-lead and the money will help Sequent sell its NFC mobile payment system.
Bob Borchers from Opus Capital and Rob Trice from SK Telecom Ventures will join the board.
Separately, Sequent said it would use Vivotech trusted service manager software. Founded in 2001, Silicon Valley-based Vivotech’s investors include Alloy Ventures, Citigroup, Draper Fisher Jurveston, First Data Corporation, Motorola Ventures, Nokia Growth Partners, NCR, and Sprint.