Ecrio raises more than $24M for mobile communications and commerce software

September 19, 2007 | Matt Marshall

Ecrio, a Cupertino Calif. company that offers mobile communications and commerce software to mainly Japanese and Asian phone makers, said it has raised more than $24 million dollars in a third round of funding.

Investors included CSK, JAIC, Nomura Securities, Aplix, NTT DoCoMo, Visa, and existing backer Noventi/CIR Ventures.

Ecrio is used on about 24 million “3G” handsets in Japan and Asia. The company has also launched of MoBeam, which uses a phone’s screen as a mobile barcode. The company is working with Visa’s mobile payment platform.

We covered the company when it raised the first portion of this third round. The company has raised about $34 million to date from the previously named backers and existing investors Cdb Web Tech, Diamond Capital Co., NetNet Ventures and Nexit Ventures. Nexit is the largest shareholder.

The company earlier raised $3 million in 2005 and $7 million in a 2001.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.