Mobile Video Company MoboVivo Raises $1 Million


MoboVivo has raised $1 million from AVAC, a Canadian venture capital firm. The Calgary, Alberta-based startup primarily develops web-based video applications for iPods and iPhones. The company has re-purposed content ranging from lifestyle to education and entertainment. The company says the investment will be used to further develop its technology platform and drive new business on other types of mobile devices. MoboVivo also plans to develop more ways to allow users to upload high-quality video to their mobile phones. Release (PDF).

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