ViVOtech has secured $24 million in additional Series C funding. Singapore’s EDBI, SingTel Innov8 and Motorola Solutions Venture Capital were the new investors that participated in the financing round. The firm’s current financial and strategic investors, including Alloy Ventures, Citi Ventures and Motorola Mobility, also provided the financing. The near field communication software firm intends to use the proceeds for growth and expansion in new countries, adding to its existing operations in 35 nations.
Click here for the release from Business Wire.