Location software developer deCarta Inc. on Monday announced it has wrapped up a $35 million round of funding with a final $20 million from strategic and financial investors with close ties to Asian manufacturers.
The round, which is expected to be the company's last, includes investments from Translink Capital of Palo Alto, Calif., and Hotung Group of San Jose, Calif. Both firms will join deCarta's board as observers and work with their Asian investment bases to build strategic ties. The round also includes money from two unnamed corporate investors, as well as a $6 million investment from T-Mobile Ventures announced in June.
The deal brings total investment in the 12-year-old San Jose-based company to more than $75 million, including more than $50 million it received since a recapitalization in 2003 to focus on core geospatial technology for telecommunications carriers, equipment manufacturers and applications developers building location-based services. Longtime financial investors Norwest Venture Partners of Palo Alto, Mobius Venture Capital of Boulder, Colo., and Cardinal Venture Capital of Menlo Park, Calif., kicked off the round in July 2007 with a $15 million investment.
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