The A.P. puts money into Verve Wireless
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.
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About the Author, MG Siegler
MG Siegler writes about technology trends and new media for VentureBeat, with a focus on mobile topics, social elements and key news stories. Before that, MG wrote about technology on his blog, ParisLemon. Originally from Ohio, MG attended the University of Michigan where he studied film. He's previously lived in Los Angeles where he worked in Hollywood and in San Diego where he did web development. He now lives in San Francisco.