Nexage raises $4M in first round of funding - Boston, MA

Nexage, a leading provider of mobile advertising solutions, has closed US$4 million in Series A funding from BlackBerry Partners Fund and GrandBanks Capital. The funding will be used by Nexage to scale its mobile advertising platform to meet the needs of its growing global customer base, and to strengthen its sales and marketing efforts. Concurrent with the funding, mobile advertising pioneer Mike Baker has been appointed as Chairman of the Nexage Board of Directors; while Matt Golden, Partner at BlackBerry Partners Fund, and Ryan Moore, General Partner at GrandBanks Capital, will be joining the Nexage Board of Directors.

http://www.nexage.com