On January 22, 2007, Mobidia Technology, Inc. announced that it had raised $3.75 million in its second round of Series A funding, bringing the company's Series A total funding to $7 million. The round was led by existing investor BDC Venture Capital with the participation of current investors British Columbia Discovery Fund and B.C. Advantage Funds.
Mobidia, which is headquartered in Vancouver, British Columbia, develops and sells a multimedia services solution that provides a better customer experience by managing service performance so the network operates better and provides the right level of service to every application. By improving multimedia service, Mobidia makes it faster and easier to share user-generated content such as photos, facilitates social networking, and enables the best use of multi-service phones.
Mobidia was advised in this private placement by Steve Lukas and Benjamin Lee of Fasken Martineau.