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Boku Gets $35 Million From Telefonica, NEA to Expand Service

Boku Inc., a service that lets consumers use mobile phones to make purchases, raised $35 million from Spain’s Telefonica SA and other investors, helping the startup bolster its staff and continue expanding abroad.

Telefonica Digital, a unit of the Spanish phone company, joined venture firm New Enterprise Associates in leading the financing round, San Francisco-based Boku said today in a statement. Existing investors, including Andreessen Horowitz, Benchmark Capital and Index Ventures, also participated. Bloomberg LP, the parent company of Bloomberg News, is an investor in Andreessen Horowitz.