(TECH) Snaptu Secures $6 Million From Carmel Ventures & Sequoia Capital

"Mobile application network provider Snaptu has secured $6M funding in a second round lead by Israeli venture capital (VC) fund Carmel Ventures. US based VC firm Sequoia Capital, which led the previous round, also participated in this round of funding.

The Israeli startup also announced its mobile content delivery service has reached 10 million users worldwide. Snaptu service is bringing social networks, news, sports, and weather sources to mobile devices that do not have advanced smartphones.

"Reaching the 10 million mark shows the appetite from people with regular phones to have the same experiences and access to services that the relatively few people with the top-end phones enjoy," said Ran Makavy, Snaptu CEO.

"Snaptu is addressing the under-served large majority of mobile users world-wide by proving that a superior user experience is possible on any data-capable mobile device," said Rina Shainski, a General Partner at Carmel Ventures. "Snaptu has experienced exponential viral growth since it launched. By bringing high quality, simple to use services to all mobile users, Snaptu is changing the face of the mobile web."

Snaptu, formerly known as Moblica, was founded in August 2007 by Lior Tal, the company VP Business Development. The company is headquartered in Tel Aviv, Israel, with offices in London, UK." (source)