Mobile Social Network Gets Massive Funding

Very interesting to see how Mobile Social Networks get funded over the past months. Since Comscore announced that a lot of mobile traffic comes from social networks, it is interesting to see how investors are hyped about it.

“Mobile social networking firm Zannel announced the completion of a $10 million Series B financing round led by Alloy Ventures alongside existing Series A investors U.S. Venture Partners and Palomar Ventures. The company has so far raised a combined total of $16 million”

Personally I am still sceptical about mobile social networks. It’s an interesting aspect, especially when location is added to the phone. However a mobile device will hopefully be used for much more than that.

June 17, 2008





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