Vancouver-based startup Mobile Technologies has secured $3 million in convertible debenture funding. Mobio, a consumer marketing and technology firm, raised the money from Rho Canada, Naavon, and Round Table Services. Mobio will use the investment to fuel its development of Mobile INsider, a consumer marketing platform that engages and monetizes large social media followings.
"As Mobio moves quickly into the music segment, this investment makes it possible for us to expand our solution so that fans, artists and their corporate partners all succeed," said Clovis Najm, CEO, Mobio Technologies.
"There is a significant market opportunity in advanced social media engagement and Mobio is well positioned to be the leader in this space. We are thrilled to be able to continue to support the company in this pursuit," said Jeff Grammer, Partner, Rho Canada.