Series A: $5.3 million from CM Capital Partners, Southern Cross Venture Partners
Competitors
Closest competitor is Yahoo! OneConnect, Secondary competitors include companies that offer parts of Xumii services such as Nimbuzz and Zyb (acquired by Vodafone).
Product Description
Xumii makes mobile messaging more powerful, convenient and social. Xumii simultaneously signs you into all your social networks, IM and media sites, and interconnects them. For the first time, you can text, chat, check updates, form groups, share media and post on mobile walls from an integrated mobile addressbook - across all your networks. Xumii is an open platform that social communities and social apps can use to mobilize.
Market Opportunity
Juniper Research forecasts Mobile 2.0 revenues from social networking, mobile search and IM will be $22.4 billion by 2013. Xumii taps into the explosion from the combination of messaging and social network by capturing the mobile social messaging layer one of the huge potential wins for the emerging Mobile Internet.
DEMO Says
Xumii provides a rich social messaging platform for the mobile Internet. Leveraging Open Social, Xumii acts as a messaging “switch” delivering content from the mobile phone to existing social networks. In effect, this brilliantly simple-to use service mobilizes your social network and socializes your mobile contacts.