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Short Take: MobileLogic gets $25 million in funding

MobileLogic, a wireless data company, netted $25 million in a first round of funding led by CMGI's @Ventures unit and The Investcorp Group. Other investors include Allen & Co., Apollo Management, Hikari Tsushin, Odyssey Investment Partners, John Fisher of Draper Fisher Jurvetson, chief executive of Global Crossing Leo Hindery and KKR's Henry Kravis. The New York-based MobileLogic helps companies develop wireless commerce and mobile remote access services. The stake was the third since CMGI formed a $1 billion fund in January.

MobileLogic, a wireless data company, netted $25 million in a first round of funding led by CMGI's @Ventures unit and The Investcorp Group. Other investors include Allen & Co., Apollo Management, Hikari Tsushin, Odyssey Investment Partners, John Fisher of Draper Fisher Jurvetson, chief executive of Global Crossing Leo Hindery and KKR's Henry Kravis. The New York-based MobileLogic helps companies develop wireless commerce and mobile remote access services. The stake was the third since CMGI formed a $1 billion fund in January.