Sequoia Capital made a $30 million investment in MeLLmo Inc.’s first round of funding today, not long after it extended its Roambi product reach outside of San Diego to Boston, New York City, San Francisco, London and Shanghai.
MeLLmo is focused on mobile applications for businesses. The company believes we are moving toward a “mobile workforce” and need to be able to access important business information on the fly. Its more popular product, Roambi, offers analytics information easily read on mobile phones and tablets. Two of the company’s bigger clients using Roambi are Primerica and Vodacom SA.
The company’s latest product, Roambi Flow, sets up a magazine feel for employees to publish business information and intelligence and share with others.
“With 86 percent of Fortune 500 companies deploying or testing iPad in their enterprises, Roambi is riding the wave of iOS device penetration into corporations worldwide, which has positioned them as a market leader in enterprise mobile applications,” said Greg McAdoo, partner at Sequoia Capital. in a statement.
Greg will be joining MeLLmo’s board of directors.
MeLLmo plans to use the funding to expand its offices, hire more staff, as well as add to its Roambi product with more localized offerings.
MeLLmo was founded in 2008 and is headquartered in San Diego, Calif. Prior to this round, the company collected $20 million in funding from angel investors.
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