Mobile Digital Media, a company that builds software that runs games and other applications on mobile devices, has raised $2 million from Cross Atlantic Partners and Sofinnova Partners, according to VentureWire.
The company’s web site features some of its marquee products — rather old-school games like Solitaire, that you pay a fee to buy the box version of, then install on your phone.
Milpitas, Calif.-based Mobile Digital Media started as a 2002 spin-off from Palm. It was bought in 2005 by a company called Filao SA, renamed Filao Americas — then Filao Americas merged with 995Soft, another mobile software company. Last spring, the company name changed back to Mobile Digital Media.
The money is a recapitalization, meaning that it previously raised money, ran out of it, and has now raised more — in such instances, founders stock shares typically get diluted, although I’m checking in for more comment from the company.