Mobile media solutions provider Streamezzo announced the completion of its most recent funding round, with Qualcomm Ventures joining the company’s existing investors. The round, first announced in April 2006, also included the participation of AXA Private Equity, T Source, France Télécom Technologies Investissements and GET Valorisation. According to Streamezzo CEO Alain Blancquart, the unspecified investment will enable the firm to expand and accelerate development of its product lines, with an eye on establishing a global business presence. “QUALCOMM Ventures selected Streamezzo as its first direct equity investment in Europe because of the company’s exceptional value proposition and business prospects in the emerging market of rich media application for mobile,” said Qualcomm Ventures’ European head Frédéric Rombaut in a prepared statement. “Streamezzo’s standardized technology stands out for its ability to enable fully-customizable and interactive rich media services.”

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