Montreal’s Airborne Mobile announced earlier this week the closing of a $2 Million growth financing round with iNovia Capital. The injection of capital will be used to finance Airborne’s new initiatives in mobile media and other business opportunities.
Airborne is a 10-year pioneer in the mobile content industry, firmly-entrenched in partnerships with every major North American wireless carrier as well as with high-profile consumer brands like Fox’s Family Guy and Food Network, Airborne is enjoying a renaissance despite the current economic environment.
“This is indeed a vote of confidence in our business and our management team,” said Bornstein. “After a summer of restructuring and refocusing, we have just completed the most profitable quarter in the company’s history. We appreciate the faith and insight of the iNovia Capital team, and look forward to creating a ‘New Airborne’; one that optimizes the heritage and goodwill of the past while maximizing the opportunities of the present and future.”
In addition to the ongoing operation of its legacy business, three of Airborne Mobile’s new product initiatives for the first half of ’09 include an application for home buyers and real estate agents, an interactive cable TV network and a privacy application that enables users to carry out mobile phone conversations without giving out their phone numbers.