MFORMA Group Inc., a leading global provider of wireless entertainment, announced today that it has raised $44 million in its first institutional round of financing co-led by General Catalyst Partners, eFund LLC, and Bessemer Venture Partners. MFORMA will use the new capital to extend its global distribution network, already one of the largest in the world. Prior to this investment, MFORMA had grown organically to cash flow positive and attained a world-leading position by providing wireless carriers with everything needed to successfully deliver mobile entertainment products to their subscribers. MFORMA provides distribution technology, managed services, and a comprehensive catalog of entertainment content to more than 60 of the world's leading wireless operators.
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