ePals Corporation (TSX-V: SLN) has closed the second and final tranche of its previously announced best efforts private placement brokered by Cormark Securities Inc., raising additional gross proceeds of CDN $1,345,711.84 through the issuance of an additional 3,282,224 voting common shares at $0.41 per Share. Together with first tranche, ePals has issued 24,390,000 shares for gross [...]

PNI Digital Media Inc. (TSX-V: PN; OTC BB: PNDMF), a technology provider of online and in-store digital media solutions for retailers, has released an all-new iPhone app for retailers who wish to connect their online and in-store photo centers. The all-new free PNI photo center app works with iPhone, iPad and iPod touch devices, and is initially available from the iTunes Canada [...]

MobiDough, Inc. has raised US $3.55 million from one unnamed investor. Jun Y. Yoo is listed as the only outside director in addition to the two co-founders,  Praveen Gupta and Sanjay Rohatgi. Los Gatos, California based MobiDough is a provider of mobile commerce solutions that enabling real time transactions between cell phone users, merchants and financial institutions on all [...]

Pixable, Inc., a developer of photofeed app for iphone and other platforms, has closed a US $3.55 million Series B round of financing led by Menlo Ventures with participations from existing investor, Highland Capital Partners and private investors. James Joaquin, former CEO of Xmarks Inc., has joined Bob Davis, General Partner of Highland Capital on Pixable’s 4 persons board of [...]

Digby has closed a US $8 million Series C round of financing led by Battery Ventures and with participation from current investors BlackBerry Partners Fund, S3 Ventures and Daylight Partners. Digby will use new funds to accelerate the company’s leadership position in mobile commerce for the retail market, as well as to expand global operations including sales, marketing, client [...]

Mobile Spinach, Inc. has secured a US $1 million round of venture financing led by Blumberg Capital with participations from Quest Ventures and Launch Capital. Mobile Spinach intends to use new funds for the growth of its mobile platforms and the mobile ecosystem. San Mateo, California based Mobile Spinach is a mobile web-based platform embedded in third-party mobile smartphone [...]

Intrinsyc Software International, Inc. (TSX: ICS), a provider of solutions for mobile and embedded wireless devices, said its Desinator 9 software will be integrated into a high-performance automobile which is expected to be available later this year. An unnamed automotive integration partner will adapt and integrate Destinator navigation software into a high-performance vehicle. Details [...]

Investors like Andreessen Horowitz are increasingly focusing on mobile game investments. Tiny, the giant game developers? Sure they hope so and are betting on them. Two “Tiny” San Fransico mobile game developers, TinyCo and Tiny Speck, have both recently closed a new round of financing, a US $18 million Series A for TinyCo and US $10.7 million Series B for Tiny Speck. Andreessen [...]

Intertainment Media Inc. (TSX-V: INT; OTC BB: ITMTF; FRANKFURT: I4T) has signed a letter of intent (LOI) to acquire Commobility Inc., a mobile software and app developer, for $4.44 million payable through the issuance of 6 million common shares of Intertainment Media at a deemed price of $0.74 per common share. According to its website, Commobility is “combining communication, [...]

Payfone, Inc., a provider of mobile payments, has closed a US $19 million Series C round of strategic financing led by American Express with participations from Verizon Investments Inc./Verizon Ventures, Rogers Ventures, and existing investors Opus Capital, BlackBerry Partners Fund and RRE Ventures. The US $19 million round is one the of the largest mobile payments funding rounds [...]

Vancouver/San Fransisco based Tiny Speck, Inc., has raised additional US $10.7 million from its backers, Andreessen Horowitz and Accel Partners. Tiny Speck is a developer of massively multiplayer online game. Glitch,  primarily playable in the browser, is a massively-multiplayer game which takes place inside the minds of eleven peculiarly imaginative Giants.  Glitch will be [...]

Pulse Networks Inc., a developer of mobile applications, said it has recently completed a second round of financing with Orbixa Management Services. Financial terms were not disclosed. Founded in 2010, Toronto based Pulse Networks is building a location-based app called Pulse the World that allows people to tag and learn about everything that’s happening around them in real-time. Pulse [...]