Released on: 31, December 1969
, Author: MocoSpace
, Audience: Internet related
Boston, MA January 28, 2008 MocoSpace, the largest andfastest growing mobile community in the United States, continues its upwardtrajectory by today announcing the completion of its series B financing led byGeneral Catalyst, securing four million in additional funds. All of the originalinvestors, which include Bob Pittman s Pilot Group and former eBay executive,Michael Dearing, participated in the round as well. Today, with over 2 millionmembers, MocoSpace generates 1 billion page views a month.
A clear sign of its strong business momentum, MocoSpace recently completed the fourmillion Series B round. The new funding will be used to support new productinitiatives and scaling infrastructure.
"We re very impressed with MocoSpace, and the proof of the company s growthpotential is evidenced by where they are today and how fast they ve gotten there, said John Simon, managing director of General Catalyst Partners. The mobileindustry is a hot market, and MocoSpace is leading the way in showing how wirelessand social communities best intersect.
Helping people connect with friends and make new ones on their mobile phone,MocoSpace offers a thriving community that users can access wherever they are.Members can share photos, instant message, email, customize profiles, play games andmore.
"Reaching the two million member mark is a very exciting milepost, and it s one thatwe ve managed to hit quite a bit faster than the first million," said Justin Siegel,co-founder and chief executive officer of MocoSpace. "Our members are terrific andvery active. Today they generate nearly one billion page views a month, browsingprofiles, playing games, blogging and customizing their photos, among other things.I think MocoSpace is well on its way to becoming one of the first big consumerbrands of the mobile Internet."
To subscribe to an RSS feed of MocoSpace press releases, please go tohttp://www.lewiswire.com/us /index.php?client=251.
Source: Express-Press-Release.com
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