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 [...]

Government of Ontario is investing $10 million to fund a $82.8 million project in ViXS Systems Inc. to develop an energy-efficient network media processor that will help power multimedia platforms such as digital televisions, video recorders, set-top boxes and other products.  The initiative will create 107 new, highly-skilled jobs at ViXS, on top of 54 existing positions. These [...]

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 [...]

JiWire, Inc., a location-based mobile media company, has closed a US $20 million Series C round of financing led by Trident Capital with participation from existing investors Comcast Interactive Capital, Draper Fisher Jurvetson, Norwest Venture Partners and Panorama Capital. John Moragne, co-founder of Trident Capital, has joined JiWire’s board of directors. JiWire has, to date, [...]

Mobilicity has closed a $215 million a debt offering led by National Bank Financial Inc. and GMP Securities.  Subscribers to the debt offering are “Canada’s premier institutions.” Mobilicity said the offering represents one of the largest capital raises for an emerging telecommunications carrier in Canada in recent years, and will provide growth capital to further strengthen [...]

MMV Financial has made a US $2 million follow-on debt financing in UIEvolution, a developer of mobile convergence technology and a provider of connected applications solution. MMV Financial first invested in UIEevolution in May 2010. The recently launched UIEMagnify™ is a cloud-based software product that allows apps to easily connect to various cloud services. The combination [...]

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 [...]

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 [...]

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 [...]