Mforma raises $44 million in venture capital

Kirkland, Washington-based mobile entertainment player Mforma said yesterday that it raised $44 million in a first-round financing effort spearheaded by General Catalyst Partners, eFund LLC, and Bessemer Venture Partners. Although Mforma had been cash-flow positive before the capital campaign, the mobile games distributor sought additional funding to, as CEO Daniel Krantzler said in a statement, "scale and take full advantage of global opportunities."