Bangalore-based mobile search engine developer Innoz Technologies, which has now been rebranded as 55444, has raised around $3 million in Series A round of funding from Seedfund, an early stage venture capital investor based in Mumbai. The series A round has also created an exit for Innoz’s eight angel investors, who had invested a total of Rs. 75 lakh in the company over multiple rounds of funding. Seedfund is now the sole investor in Innoz and holds a significant minority stake in the company.
Following the Seedfund investment, the company will invest in strengthening the 55444 brand, which is aimed at creating a stronger, operator-independent identity for its search engine especially in Tier II and III towns.
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