Friday, February 1, 2008

NEXAGE Gets $500K For Mobile Social Networking App

Fremont-based NEXAGE said Friday morning that it has received $500K in angel funding for the firm's mobile video social networking applications. The firm did not disclose specific angels investing in the deal. The company said the round of funding brings the company's total raised to $2.5M, and that it will look to raise additional capital within six months. NEXAGE develops PhoneCast Pro, an application used for managing, publishing, and distributing video content over mobile phones. More information »