News Byte

Mobeam Banks Another $1.5 Million for Mobile Bar Code Technology

Mobeam has raised another $1.5 million in capital to work on a solution for point-of-sale systems at retail not being able to read bar codes from coupons on cellphone screens. In October, the company raised $5 million; in December, it inked a high-profile partnership with Procter & Gamble, and now adds new investor DFJ Athena, a Korea-focused venture fund affiliated with Draper Fisher Jurvetson, to the list. Previous investors include Yet2Ventures, Samsung Ventures and Mitsui.

Local Ad Start-Up Yodle Raises $10 Million C Round. What Does That Mean?

Raising more money for an online advertising start-up in a recession is a good thing. But raising less money than you did in the previous round will raise some eyebrows.