The frenzy to invest in mobile payments providers continues with Boku, the San Francisco-based start-up raising $35m, in a funding round led by Telefónica Digital. It will take the total raised by the mobile transactions company to more than $75m since 2008.
Investors in this round also included New Enterprise Associates (NEA), Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures and Khosla Ventures.
Jajah has become the latest internet phone company to be snapped up by a bigger player, with the Silicon Valley company announcing it is being acquired by Europe’s Telefónica for $207m €145m) in an all-cash transaction.
The deal is much smaller than the $3.9bn eBay paid for Skype in 2005 but larger than the rumoured $50m Google deal to acquire GrandCentral in 2007, which it renamed Google Voice.