mocoNews - MobiApp Raises $700,000 For Location-Aware Mobile Social Network
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Tuesday, July 7, 2009; 7:00 PM
Tel Aviv-based mobile startup MobiApp has raised between $700,000 and $800,000 in a round of funding from Maayan Venture Capital. The Office of the Chief Scientist (a division of Israel's Ministry of Industry and Trade) also invested as part of a government-sponsored tech incubation program.
MobiApps' core product, Mingle, is a location-aware mobile social network that uses Bluetooth to work in close-range settings like bars, cafes and conferences, per DJ VentureWire. (There could be some "spammy" inclinations though, as the network automatically pings fellow smartphone users nearby with a join request-a la services like Tagged). Mingle users can also share profile info with Facebook and Twitter; the network is currently being tested in Tel Aviv. Release.



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