Onavo, a developer of mobile data compression applications, has raised a $10m series B round that sees Motorola Mobility invest through its venturing fund.
Israel-based mobile data saving company Onavo secured $10m on Tuesday from a series B round partly funded by Motorola Mobility Ventures, the corporate venturing unit owned by mobile device and data management corporation Motorola Mobility.
Venture firm Horizons Ventures led the round, which also saw participation from venture capital firms Sequoia Capital and Magma Venture Partners, both of which previously backed Onavo’s $3 series A round in May last year.
Onavo provides free smartphone applications (apps) for iOS or Android…
