DOCOMO Capital and Mobile Internet Capital Invest in Stoke

Friday, October 23, 2009 9:52 AM

(Source: Datamonitor) tracking

DOCOMO Capital and Mobile Internet Capital have invested in the mobile broadband gateway provider Stoke. This represents an extension to Stoke's series D funding round, which now stands at $20 million and brings total investment in the US-based startup to $70 million.

DOCOMO Capital is a corporate venture arm of NTT DOCOMO. The funding will be used to support Stoke's commercial deployments in Asia-Pacific, of which Japan is the most advanced, and the imminent launch of new 3G offload capabilities for the western European market.

Tomoya Hemmi, president and CEO of DOCOMO Capital, said: "Our mission is to invest in the future of mobile technology. Stoke is an exciting, advanced and leading edge solution provider with the potential to improve the abilities of operators to be more competitive in future mobile communications markets."

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