The rise of cellphones with GPS chips has created a lot of excitement about device that are aware of your locality. Verve Wireless has been seeking to capitalize on bringing local news to mobile devices, and that should be a little bit easier with a new round of funding.
The $3 million second round was led by the Associated Press, a Verve partner that teamed up with the company recently to create its beautiful AP iPhone web app. Also participating in the round was Iron Capital.
The Encinitas, Calif-based startup raised a $2.5 million angel round last July.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more