Congrats to Cellfire

Cellfire, the mobile coupon firm, has raised $12 million in its third-round of funding. The round was led by Silver Creek Ventures, and was joined by return backers Menlo Ventures and Storm Ventures.

According to the release, proceeds will be used to expand the company’s sales and marketing efforts, along with increasing product functionality, business development and partnership activities.

Cellfire, founded in 2005, says it has distributed more than eight million coupons worth more than $24 million in discounts. Stores accepting Cellfire coupons include 1-800-flowers, Hollywood Video, Quiznos and Supercuts.

The funding comes as no surprise to us at the MobilePhoneBlog as we have been big fans of Cellfire for awhile.

"We are thrilled that Silver Creek led this round of financing given their strong track record of success in the wireless space," said Brent Dusing, CEO of Cellfire. "We have come a long way over the past three years, and yet there are many more opportunities that we see in the future. The additional funds will help us leverage the significant market opportunity at our door step."

To get Cellfire on your phone, click HERE.