Teleflip Gets Debt Financing
6/19/07 – Santa Monica-based Teleflip, the startup that offers a service where email and text messages can be received on any mobile phone from any computer, has received $1 million in venture debt financing from Hercules Technology Growth Capital. Teleflip recently deployed its flipMail free mobile email product, which works with all phones and all major U.S. carriers.
Hercules Technology Growth Capital specializes in providing growth capital to venture capital and private equity-backed technology and life science companies at all stages of development. The firm says it sees Teleflip’s mobile email service as an “eventuality” in the mobile communications industry.
Teleflip CEO Tony Davis said the financing will allow the company to accelerate its plans for growth in the U.S., and assist with the company’s planned expansion into Canada this summer.
Teleflip – www.teleflip.com
Hercules Technology Growth Capital – www.herculestech.com
