What Company Is Offering:
JuiceCaster is a mobile social networking community which lets anyone who has a cell phone connect with friends and meet new people. JuiceCaster allows the user to publish content right from their phone to any person, group, Web site or desktop. People can view content on their phone to make new friends and stay in touch with current buddies. JuiceCaster makes rich-media content a part of mobile communications.
How Much They Got From VCs:
Juice Wireless, the pioneer in mobile social networking, closed $6M in new venture capital funding in their third funding round, led by 21Ventures. The company’s investors now include 21Ventures, Qualcomm and Citizen’s Communications.
What VCs says About Company:
The future of social networking and social media is mobile. JuiceCaster is the best way for people to share their social experiences and broadcast their lives, while on the go,” said David Anthony, managing partner at 21Ventures. “CEO Nick Desai and his talented team have made very impressive traction over the last 12 months. The product is the best I’ve seen on the market and the company has already signed several deals with leading domestic and international carriers. This signals a very strong foundation for growth and success in 2008.
Where They Will Use Raised Money:
The investment will be used to further the development of the JuiceCaster product and expand its user base. Juice Wireless will accelerate its recruitment drive, with a focus on building the marketing and engineering teams as well as a focus on direct user acquisition.
More at:http://www.juicecaster.com/
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