Mobile Streams successfully raises £2.2m

Mobile Streams has increased the overall size of its fundraising, after excess demand, and raised £2.2m gross via 54.5m shares at 4p each.

Net proceeds of the fundraising will be used to finance the rapid growth in working capital required by the company's plans, it said.

They would also enable the company to commit to its proposed marketing spend in India through to the end of the next financial year in 2018.