Ringtone Startup Improvista Gets $0.5 Million Funding; Sells Unit

That’s according to a report in VentureWire…Improvista Interactive Music, a Mountain View, CA based ringtone remixing services company, has received about $500,000 in a third round of investment from G-Mode Japan, giving it a total valuation of abut $6 million, says the story.
It is also selling its Acoustic Inc. sound production unit to the Japanese cellphone game company. The new funding gives Improvista .
Improvista said it expects to use the funding for its recently launched mobile entertainment store, at Mobjam.com.

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