February 7, 2008
Cellfire Raises $12 Million in Third Round

Cellfire, the San Jose-based developer of a service that that allows consumers to access mobile coupons and discount offers through their mobile phones, said on Thursday that it has secured $12 million in its third round of funding. Participants included new investor Silver Creek Ventures and previous investors Menlo Ventures and Storm Ventures. The company said that it will use the proceeds to expand its sales and marketing efforts, as well as its product functionality, business development and partnership activities. Available on all wireless carriers in the U.S., Cellfire's service allows consumers to click on coupons or discount offers on their cell phones and receive unique redemption codes that can be presented at the time of a purchase.