Mogreet, the premier mobile video marketing company, has raised $4.1 million in strategic capital, bringing its total funding raised to $14.1 million. The round is being led by Black Diamond Ventures with participation from a number of other prominent investors, including DFJ Frontier, Ascend Ventures, Bryant Park Ventures and Draper Associates.
This latest round of funding will be used to fund moShare, the company’s mobile sharing platform that enables users to text videos, pictures, music and stories to friends’ mobile phones from any webpage.
Tim Draper, founding partner of DFJ and investor in Mogreet’s latest financing shared the following, “I believe the moShare service is poised to revolutionize how consumers communicate and share content with one another via their mobile devices.”
Last year, Mogreet experienced over 1,000% growth in mobile video distribution as demand in MMS from marketers and consumers skyrocketed. Mogreet messaging solutions integrate SoLoMo (social, local and mobile) technologies with multimedia content to create a powerful and engaging two-way dialogue with consumers. Mogreet’s exclusive “Share to social networks” tool creates a viral sharing opportunity as it allows recipients to become a brand advocate by sharing the brand’s messages with their own social networks.
Serving renowned brands like ABC, Paramount, 20th Century FOX Television, CTIA, Nike and Steve Madden (just to name a few).