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A rare strategic investment from Associated Press: it has invested in mobile news services start up Verve Wireless. The first round of $3 million included Associated Press, Iron Capital, and other investors in the Encinitas, CA-based company. Verve is headed by Art Howe, who received a Pulitzer prize while at the Philadelphia Inquirer and was also the former president of Village Voice Media…the firm’s President is Tom Kenney, a former VC with BlueRun Ventures (former *Nokia* venture arm).
Its niche is helping newspapers become mobile, and developing local services around it. AP has been working with Verve: it is the publishing technology behind AP