Kiloo's Second Investment Round, Company Splits
Tuesday, 02 December 2008
After successfully raising its first round of investment in February '08, Kiloo just completed a second round to fund Kiloo Media, a mobile media company at mobile projects other than games.
Firmainvest A/S is the company who has invested a significant undisclosed amount into Kiloo Media. With this investment, Kiloo wants to establish the new Kiloo Media company outside their traditional mobile games market.
Kiloo Media’s First project will be released early Q1 2009 in close cooperation with a leading commercial Danish TV broadcaster running across all carriers in the region. Following the successful launch, Kiloo Media has agreed to provide a trial to one of the World’s largest broadcasters and brand owners.
"Launching Kiloo Media allows us to unlock the full potential of the entire mobile population. Our technology spans across any age and demographic in the World today. Every brand out there would benefit from cooperating with Kiloo Media” says Jacob Møller, founder and CEO of Kiloo.
"After analyzing the mobile media market as it looks today it was obvious that Kiloo Media’s new IP and technology is groundbreaking and will take mobile media to the next level. I see a huge potential for the company and am proud to further invest into the Kiloo franchise." says Thomas Bruno Pedersen CEO of Firmainvest A/S.
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