Wednesday, May 16, 2007

uLocate Raises $11 Million in Venture Capital Financing - Framingham, MA

uLocate Communications, a Framingham-based provider of location-enabled mobile communication applications, has raised $11 million in a round of venture capital, led by Venrock. Other investors in the deal include GrandBanks Capital and Kodiak Venture Partners. uLocate's service allows subscribers to identify their precise location using their cell phone, find out retailers and service providers that are nearby, and share their location with "trusted others."


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