WaveMarket Secures $9.4 Million Series B Funding Led by Draper Fisher Jurvetson

WaveMarket, which offers location-based and mobile blogging services, announced it has closed a Series B round of financing, securing $9.4 million in venture capital. Draper Fisher Jurvetson led the round, with existing investor BlueRun Ventures formerly known as Nokia Venture Partners also participating. WaveMarket will use the proceeds to drive the success of their Crunkie service (mobile location-based social network), alert solutions and location-based applications by providing concentrated support to their growing list of wireless carrier customers.

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