VCs Mum On Plum Acquisition
Nokia today acquired "certain assets" of Plum, a tiny (10-person) software company that lets people create private social networks on iPhones and other devices. Various Web sites also use the software under their own brands. You'd think VCs would be shouting from the rooftops about any exit these days given the rough economy, but no. The investors -- Levensohn Venture and Vulcan -- aren't saying how much they invested or how much they got out of the deal, although they are of course "pleased." Nokia and Plum CEO Hans Peter Brondmo aren't talking much either.
11 September 2009•2 mins read
