MoboVivo downloads $1 Million from AVAC

Posted by Rob Lewis

Calgary-based MoboVivo announced last week that Alberta-based venture capital company AVAC Ltd. will invest $1 million in their multi-media distribution company. The investment falls under AVAC's Capacity Builder Program which helps Alberta-based information and communication technology companies take their products to market and to attract commercial investment.

The $1-million investment will help MoboVivo advance its technology platform and finance the construction of the firm’s long-term strategic marketing and business plan. Future product developments will give end-users a way to upload high-quality video to mobile phones, effectively creating new social networks around premium content.

MoboVivo is a consumer-facing website that distributes television shows internationally to computers, iPods, mobile phones, game platforms, set-top boxes, web sites and social networks. MoboVivo is developing a unified entertainment platform designed to intelligently target consumers across networks, devices and borders.

To date, MoboVivo has focused on the 150 million-plus iPod/iPhone market segment, becoming the number one iPhone WebApp in April 2008. MoboVivo is currently third behind iTunes and Amazon in terms of downloads.

Company:
Mobovivo Inc.
Website:
http://www.mobovivo.com
Location:
Calgary, Alberta, Canada

Mobovivo is a team of TV producers and talented software engineers that turn the TV industries biggest threat - mobile devices pulling audiences away from TV - into their greatest asset - ad revenue. more

Company:
AVAC Ltd.
Website:
http://www.avacltd.com
Location:
Calgary, Alberta, Canada

AVAC Ltd. is a private not-for-profit company that invests strategically in promising early-stage commercial businesses focusing on the expansion of Alberta’s value-added agri-business, ICT, life sciences, and other industrial technology sectors. AVAC also participates in commercially-relevant agricultural research and is a strategic fund-of-fund investor in early stage venture capital. Created in 1997, AVAC has... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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