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  • SoonR Receives $6 Million in Venture Capital Series A Round of Funding

    September 21st, 2006 No comments

    SoonR, a company that delivers the power of the PC and Mac to mobile phones, recently announced it has completed a $6 million Series A round of funding. Clearstone Venture Partners, with participation by Intel Capital and private investors, led the investment.

    The company further announced that William Quigley, Managing Director, and David Stern, Venture Partner at Clearstone Venture Partners, were elected to its Board of Directors in connection with the financing.

    The company will use the funding to grow its service that allows consumers to access data and applications on their PC or Mac from any mobile handset anywhere in the world, no matter which carrier network. SoonR fully enables phones and Ultra Mobile PCs to leverage the power of content and applications on PCs and Macs.

    “We are excited to be working with Clearstone Venture Partners and Intel Capital,“ said Martin Frid-Nielsen, CEO of SoonR. “They bring significant global connections that will help us expand into new markets.”

    “SoonR is a visionary and fast-moving company offering a broad technology platform that is positioned to be an indispensable service for hundreds of millions of mobile users. I am excited to be part of this team,” said William Quigley, Managing Director at Clearstone Venture Partners.

    The way people access information is rapidly evolving—low-cost storage, high-speed wireless deployment; powerful portable phones and devices are becoming the standard worldwide. SoonR accelerates a future where the retrieval and sharing of an individual’s digital assets can be easily managed from any mobile device at any location.

    “As we see the PC expanding its role within the mobile digital lifestyle, we share SoonR’s vision of delivering this flexibility to any mobile device,” said Sriram Viswanathan, Vice President, Intel Capital and Managing Director, Mobility Sector. “SoonR’s services will undoubtedly empower users at a crucial time – just when they are demanding this freedom.”

    Additional investors participating in the round include William Stewart, SoonR Board member, Chairman of Sand Hill Capital, Founder/Chairman of Asia Pacific Ventures and APV Technology Partners; Thomvest Seed Capital, Inc; Melinda Rogers of Rogers Communications, Inc.; Patrick McVeigh, SoonR Board Member and former CEO of PalmSource as well as other private investors. Wilson Sonsini Goodrich and Rosati, Professional Corporation, advised SoonR regarding this investment.

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