Financial Times FT.com

Blyk wins funds for Netherlands plan

By Maija Palmer, Technology Correspondent

Published: January 31 2008 02:00 | Last updated: January 31 2008 02:00

Blyk, a mobile phone operator that offers free calls to teenagers in exchange for sending them advertisements, is to expand into the Netherlands and has received funding from Goldman Sachs, the investment bank.

Goldman Sachs is the first heavyweight investor for the company, which has to date been backed by Sofinnova Partners, a French venture capital company, and a number of private individuals. The size of the investment was not disclosed. The Industrial and Financial Investments Company, a Kuwait-based fund, has also taken a stake.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this