Google NFC Partner ViVOtech Raises $24M From Motorola, DFJ, Citigroup And Others

ViVOtech, the near field communication (NFC) software and systems company, has raised $24 million in Series C funding from Singapore?s EDBI, SingTel Innov8, Motorola Solutions Venture Capital, Alloy Ventures, Citi Ventures (the venture arm of Citigroup), Draper Fisher Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR. This brings ViVOtech's total funding to $80 million. Founded in 2001, ViVOtech develops payment software, NFC smart posters, contactless readers/writers, and over the air card provisioning, and transaction management infrastructure software. ViVOtech has installed more than 800,000 NFC systems in 35 countries. The company's readers are found in big-name retailers and stores such as McDonalds, Home Depot and Whole Foods as well is in taxi cabs.

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