Frame Media Receives an Additional $3 Million in Funding
New Funding Will Enhance Product Development and Expand Opportunity for the Fourth Screen in the Home
Frame Media today announced an award of an additional $3 million in funding co-led by Longworth Venture Partners and CommonAngels. Read the full release on Marketwire.
The percent of wireless frames on the market is expected to increase dramatically over the coming years. According to IDC, “The 2.8 million digital frames sold in 2006 are predicted to grow to 42.3 million units by 2011, and most of these frames will be Wi-Fi enabled.”
The additional funding will allow Frame Media to advance its position as the leading Web platform for management of content to wireless digital photo frames and other connected gadgets.
The full release is available on Marketwire.
