Nexage raises $500,000, launches new mobile video service
Mobile services provider Nexage has raised another $500,000 in angel funding, in part to deploy its new mobile video service, called PhoneCast Pro 2.0.
Phonecast is a mobile video service used by ten clients including top broadcasters, the company claims, to automate the process of uploading, managing and delivering mobile video content. Among other services, Nexage also offers a mobile video advertising feature, so advertisers and ad agencies can run ads within it.
The Fremont, Calif.-based company plans to raise another round of funding within the next half a year. It has previously raised $2 million from unnamed angel investors.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.