Tuesday, March 10, 2009

Lexy Gains $1.25M

San Francisco-based Lexy, which is developing mobile services for broadcasting audio news and entertainment, has raised $1.25M in an investment round. The round came from KPG Ventures. According to KPG, Lexy offers publishers a tool to publish text and audio feeds, which can be accessed by mobile phone users. The startup was founded by Fred Campbell and Tony Levitan, who founded Egreetings Network and were classmates at Stanford GSB. More information »