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.

Cellfire - A Mobile App that Saves you Money

Finally an application that you can download to your phone that actually saves you money! We've been tracking a San Jose based technology company, Cellfire since they launched their service last summer. I thought it was a great idea when I first heard about the business and based on the recent news it appears that mobile consumers are finding a lot of value in the service as well.

For those of you that aren't familiar with the service, Cellfire is a mobile coupon service that gives you the best deals, instantly, right on your cell phone. Cellfire enables savvy shoppers and budget-conscious consumers to save money when they are dining out, shopping, or just having fun. Users have their own set of discounts and offers specific to their geographic locations. Users simply click on the coupon they want to use and show it to the store sales person for redemption. Cellfire users never need to clip paper coupons.

Check out a Flash demo of the service here.

Cellfire offers coupons from popular retailers including Hollywood Video, Arby's, Domino's Pizza, T.G.I. Friday's, Peet's Coffee, 1-800-flowers.com, EMI Music, North Beach Pizza, Quiznos, and more. New merchants and coupons are continually available. If you check out the ticker on their homepage, Cellfire's total delivered savings to consumers to date is over $20 million!

The Cellfire service is a great mobile application and I highly recommend that you try it out by signing up here.