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Widget Ad Firm iWidgets Nabs $4.1 Million First Round; Adds VP Of Business Development

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image Widget ad-syndicator iWidgets picked up $4.1 million in a first round of funding; Opus Capital and Utah-based University Venture Fund led the investment. The news follows investments in widget ad net SocialMedia and avatar-based widget-maker mEgo in late January. The SF-based company also added digital media vet Geoff Katz as VP of business development and marketing; Katz previously held positions with *TiVo*, *DirecTV* and design agency Method.

iWidgets has worked with *CBS* Interactive, YouTube, and even developed a package-tracking widget compatible with DHL, FedEX and others. It competes with widget-based advertising and tech firms like Slide and Interpolls, but the company claims its platform offers more customization than standard Flash-based applications.