SoonR, a company that delivers the power of the PC
and Mac to mobile phones, today announced it has completed a $6
million Series A round of funding. The investment was led by
Clearstone Venture Partners, with participation by Intel Capital and
private investors.
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 & Rosati, Professional Corporation, advised SoonR
regarding this investment.
About SoonR
SoonR lets mobile users tap into the power of their computers from
any Internet-connected mobile handset, anywhere in the world. The
SoonR service is built on a secure and extensible, open standards
based mobile application platform, linking mobile phones to
applications and data on any Internet connected Windows or Mac
computer. People can use SoonR Desktop to search and access
documents and images, SoonR Organizer for email, scheduling and
contacts and SoonR Talk for mobile VoIP. SoonR integrates with a
variety of Windows or Mac-based applications such as Google Desktop
Search, MSN Desktop Search, Yahoo! Desktop Search, X1, Spotlight,
Outlook and Skype. PC-based data is automatically rendered for an
optimal mobile experience. SoonR performs all these functions
without synchronization or any additional software on the handset.
SoonR works across carriers and on any handset operating system
including Palm, Microsoft, Blackberry, Symbian and others. The basic
SoonR service is free. Data service is required and some SMS charges
may apply.
SoonR was founded in 2005 by a team that has
successfully worked together across multiple companies and is based
in both Silicon Valley and Denmark. For more information, visit
www.soonr.com.
SoonR is a registered
trademark of SoonR, Inc. Skype, Yahoo!, X1, Google, Palm, Microsoft,
MSN, MS Outlook, Windows, Mac OS, Spotlight, Blackberry and Symbian
are trademarks of their respective owners.
About Intel Capital
Intel Capital, Intel's venture capital organization, makes equity
investments in innovative technology start-ups and companies
worldwide. Intel Capital invests in a broad range of companies
offering hardware, software and services targeting enterprise, home,
mobility, health, consumer Internet and semiconductor manufacturing.
Since 1991, Intel Capital has invested more than US$4 billion in
more than 1,000 companies spanning more than 30 countries. During
this time, about 160 portfolio companies have been acquired and
another 150 have gone public on exchanges around the world. In 2005,
Intel Capital invested about US$265 million in about 140 deals with
approximately 60 percent of funds invested outside the United
States. For more information on Intel Capital and its differentiated
advantages, visit
www.intelcapital.com.
Press Release from Business Wire