MeLLmo Secures $30M Funding Led by Sequoia Capital

September 15, 2011

SAN DIEGO (BUSINESS WIRE) – MeLLmo Inc., provider of innovative mobile applications that allow users to view and interact with critical business information on-the-go, today announced that it has secured $30 million through its first round of institutional funding led by Sequoia Capital. With this round of financing, MeLLmo will continue to transform the way business professionals interact with data by continuing to develop innovative Roambi products, expanding its San Diego headquarters and growing its worldwide presence including offices in Boston, New York City, San Francisco, London and Shanghai.

Since its launch in 2009, MeLLmo’s customer base has grown to include many of the world’s largest companies and organizations such as Primerica and Vodcaom SA, with Roambi customers, resellers and partners now in 14 countries worldwide.

The latest funding round will allow MeLLmo to meet growing international demand for Roambi with new offices, new regional hires and localized versions of Roambi Analytics and Roambi Flow.

Designed for companies of all sizes, the award-winning Roambi Analytics application transforms business reports and data into immersive mobile analytics, instantly delivered to any iPhone or iPad. MeLLmo’s latest product Roambi Flow is a new information publishing platform that enables any executive or worker to create and share all types of business information and intelligence via an intuitive, digital magazine-like report or publication — securely on the iPad. Roambi Flow will be available in the coming weeks.

“Enterprises and small-to-medium sized businesses alike have embraced the iPhone and iPad as business tools, making it possible for employees to view and interact with important company data in a revolutionary way,” said Santiago Becerra, chairman, CEO and co-founder of MeLLmo, Inc. “Through our partnership with Sequoia Capital, we will be able to meet the growing demand for Roambi throughout the world while also advancing our technology so it continues to deliver the best experience to its users.”

“In today’s 24×7 world, busy employees at all levels of the organization need convenient access to reports and data, while in the office or on the go, right from their mobile devices,” said Greg McAdoo, Partner at Sequoia Capital. “With 86 percent of Fortune 500 companies deploying or testing iPad in their enterprises*, Roambi is riding the wave of iOS device penetration into corporations worldwide which has positioned them as a market leader in enterprise mobile applications.”

This is MeLLmo’s first round of institutional funding since it was founded in January 2008. Previously, MeLLmo had raised $20M from individual investors and the company founders. As part of MeLLmo’s partnership with Sequoia Capital, Greg McAdoo will join MeLLmo’s board of directors, and David Spector will join as a board observer.

*Source: Apple, Inc. Q3 2011 earnings call