Aegis Texas Venture Fund completes growth investment in gNumber, Inc.
March 13, 2006 - (Austin, Texas) - Aegis Texas Venture Fund is pleased to announce it's investment in gNumber, Inc., a leading provider of mobile e-commerce services and developer of UnWired BuyerT for eBay. Aegis invested alongside Accent Texas Fund I, L.P., DFJ Mercury, and Gefinor Ventures. The funding will be used to expand marketing and product development for UnWired Buyer, the real-time mobile bidding solution for the eBay users.
UnWired Buyer is a free, eBay compatible application that allows users to bid on eBay listings using any mobile phone. Three minutes before the end of a selected auction-style listing, UnWired Buyer places a call to the user. The user is provided with dynamically updated status on an item, including real-time changes in price status. UnWired Buyer users can place new bids or increase previous bids instantly using simple touch-tone commands. UnWired Buyer allows users to participate in the exciting last minute action until the listing closes. With several thousand current users, UnWired Buyer has demonstrated rapid customer adoption for its powerful yet easy-to-use service.
The new investment syndicate provides further validation for the strong technology offering from gNumber. "We are pleased by the interest level from the Texas investment community leading to an oversubscribed round," said Indraj Gill CEO of gNumber, Inc. "This round of funding will help us reach more buyers & sellers, and enhance our services to eBay users.
"We see massive growth in the mobile transaction marketplace and gNumber'sUnWired Buyer service is a clear leader delivering anytime, anywhere capabilities to eBay buyers and sellers," said Cliff Mountain, Managing Director at Accent Texas Fund. "gNumber is poised for success with a powerful tool that helps consumers bid over their cell phone on anything they find on eBay. It helps merchants to reach more consumers and users always have a chance to bid in the final minutes of an auction-style listing. We are pleased to be investing in the team and are very excited about the opportunities going forward."
"We are transforming the way business is done online by bridging transactions previously limited to Internet-enabled PCs and devices to any phone anywhere. We are freeing the user from always having to be tethered to a computer and allowing them to use a trusted, familiar interface to participate in the online economy," said C. Eric Smith, CTO and co-founder of gNumber. "The eBay users have enthusiastically received UnWired Buyer and users tell us that they are winning more auction-style listings with the service."
gNumber, Inc., develops and delivers real-time, customized e-commerce services to mobile phones, using Internet Protocol over Voice or “IPoV™” based technology. The company has patents pending on many aspects of securely delivering and interacting with time-critical online services, via enhanced voice applications. UnWired Buyer for eBay, is an eBay Compatible Application and is provided free of charge to consumers. UnWired Buyer can be used on any mobile phone and is currently available for U.S. eBay users only. gNumber is a privately held company headquartered in Austin, Texas. For more information, please visit