MSpot, a Palo Alto start-up, has raised $2.3 million in a first round of venture backing to go after the mobile video market, joining a bunch of other venture-backed companies in the hot space, including MobiTV and TwistBox Entertainment.

MSpot raised its money in August of last year from venture firm Trinity Ventures, and maybe looking for more, reports VentureWire this morning (sub required).

On its Web site, mSpot boasts it is “the first to stream full-length feature films to US mobile phones.”

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