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Tira Wireless has secured and additional $5 million in financing from it existing investors Lehman Brothers Venture Partners, Brightspark Ventures, Flagship Ventures and Export Development Canada. With this latest round of funding in place, the mobile technology and services provider will execute on the third phase of its technology vision and extend its reach into new markets that go beyond mobile entertainment. The funding will allow Tira Wireless to make further enhancements to its technology platform and deliver products and thereby expanding the companies reach to small and large developers who want to leverage the mobile platform, but require additional domain expertise and tools to address the complexities of fragmentation. Among the potential new targets are those that offer single applications, like messaging or GPS-enabled location based services; and companies with Web 2.0 and highly interactive applications for social networking, blogging and other rich media experiences. Tira Wireless will also extend its reach to providers of branded media and traditional Internet applications for music and video.

“We have been very successful in executing our strategic plan for market growth, and are now well positioned to embrace the latest phase of our product roll out,” said Doug Barre, CEO of Tira Wireless. “The first rounds of funding enabled us to establish a solid foothold in the mobile ecosystem by supporting the needs of those in the entertainment and mobile games sector. The market is now ready to embrace a new genre of mobile content, and with this latest round of funding, we have the resources needed to captivate an audience of developers that are looking to get their existing applications to a mobile device and mobile market.”

Categories: Deal Flow, For The Books