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Stealthy App Maker Nettle Has Raised Funding

Published on August 11, 2011
by Liz Gannes

Nettle, a start-up from two MP3.com guys, including Eventful founder Brian Dear, has raised $500,000 from investors including Google Ventures, Advancit Capital and 500 Startups.

What does Nettle do? That’s not clear yet. The company plans to launch “a next-generation social/local/mobile application and website for the global entertainment market” next month, starting with an iPhone app.

Dear, who is CEO of La Jolla, Calif.-based Nettle, elaborated that it is focused on “a very specific consumer vertical.”

Dear founded Eventful, an event aggregation site, in 2004, but resigned as chairman last year after being inspired to do something on the mobile Internet, he said. His co-founder, Dan O’Neill, who is CTO of Nettle, previously co-founded music company Trusonic.

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URL: http://allthingsd.com/20110811/stealthy-app-maker-nettle-has-raised-funding/