2PM raises additional $3.5m

Wireless technology company, 2PM Technologies has raised an additional $3.5m (€3.1m) worth of funds from existing investor, ICC Venture Capital.

In October 2002, the company secured a funding round of EUR3.2 million and earlier year, raised €760, 000 from Enterprise Ireland, to create 40 new high tech jobs in the Development Zone around Athlone in the Midlands. In December 2001, 2PM received funding of €3.3m. This brings the total amount raised to date by the company to over $10m (€9m).