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iamota attracts $1 million in seed funding

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iamota, a mobile application service provider, has completed a seed round of $1 million in funding from seed investors and the management team.

iamota’s efforts to reclaim Canadian talent started with the addition of Mary Lou Hardy as executive vice president, marketing and business development. After nine years of working in the US, most recently as Director of Global Marketing with AOL Mobile’s B2B division in Seattle, Hardy moved back to Vancouver to join iamota’s leadership team.

Originally posted on February 7, 2008 @ 1:22 pm

Mainstream Holdings, Inc. expands MOLI.com with $29.6 million fresh funding

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Mainstream Holdings, Inc. has entered into an agreement with private investors to receive $29.6 million of funding for the Company. The funding will be used to accelerate the international expansion and enrich membership development programs of its subsidiary MOLI.

The group of investors includes a number of experienced business executives and Wall Street entrepreneurs known for working with companies to build quality businesses. Three of the investors will join Mainstream’s Board of Directors: Bernard Marcus, founder of HomeDepot; Kenneth G. Langone, co-founder of HomeDepot; and Steven D. Holzman, Managing Member Vantis Capital Management, LLC

Mainstream focuses on four industry segments: e-commerce, behavioral marketing, high-definition video production, and software and infrastructure development. MOLI is its core operating subsidiary. The founder provided $20 million of early stage capital and a select group of private investors provided an additional $6 million in equity.

Originally posted on January 30, 2008 @ 9:29 pm

mig33 secures $13.5 million funding

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mig33 closed a Series B funding of $13.5 led by DCM with participation from existing Series A firms Accel, Redpoint and TVP. mig33 will use this round of funding to continue expansion of the company and growth of the mig33 global communication service in the U.S. and around the globe.

Since receiving Series A funding, mig33 relocated the entire company to the U.S., launching the service here and growing the global user base to more than 9 million users across more than 200 countries. People around the globe are using mig33, the service that brings the power of the Internet and community together for anyone with a mobile phone, for more than 2 million sessions per day to sending more than 45 million messages each day and share more than a million pictures a month. mig33 offers a mix of free and inexpensive services, including VoIP calls, instant messaging, e-mail, text messaging, picture sharing, social networking and community features.

Originally posted on January 29, 2008 @ 6:29 pm

kidthing closes $3 million in financing

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kidthing.pngkidthing, a secure internet-based global learning platform for children, parents, teachers, family and friends, has closed $3 million in venture financing from angel investors led by Alpinesky LLC. The kidthing service is in beta and will launch this spring.

kidthing’s proprietary distribution, publishing, and social networking platform provides a safe, ad-free, environment that insulates young children from the Internet. kidthing’s free, downloadable, digital media player integrates purchased content from the kidthing online store with personal media in custom mixes that can be shared. Children can play kidthing content offline. Personalized content and custom play mixes can be shared among friends and family through private sharing communities in the kidthing environment.

Originally posted on January 28, 2008 @ 6:45 am

GoldSpot Media secures $3 million funding

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GoldSpot Media, an innovative mobile media startup delivering dynamic ad-insertion for mobile broadcast TV, has closed $3 million in Series A funding with Silicon Valley investor Exa Ventures. GoldSpot Media offers a unique end-to-end mobile advertising solution that dynamically inserts non-intrusive, highly targeted, interactive alternate content into broadcast and streaming video on mobile phones.

“This funding allows us to execute on the company vision to make mobile broadcast a profitable business case for the entire value-chain,” said Srini Dharmaji, GoldSpot Media’s president and CEO. “GoldSpot Media is uniquely positioned to influence the future of mobile broadcast TV by offering the potential for an entirely new advertising revenue model.”

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Originally posted on January 22, 2008 @ 5:23 pm