Blue Frog Mobile raises $16M first round

Mobile content provider Blue Frog Mobile will announce $16 million in first round venture capital funding from Canaan Partners and MK Capital. The company expects to use the money to grab a larger share of the mobile entertainment market. Blue Frog Mobile sells ringtones, games, and graphics for mobile phones.

For more on Blue Frog Mobile's fund-raising efforts:
- read this story from the Seattle Pose-Intelligencer