From Boston Biz Journal Boston VC funds invest $5 million in Rave Wireless
Location based mobile marketing gets financing.
Two Boston-based venture capital firms have teamed to invest $5 million in Rave Wireless Inc., a developer of youth-focused technologies for mobile devices.
The firm's technologies enable users to publish content such as location-based alerts, announcements, polls and location-based coupons. These content items can either be user-generated or from existing Web sites.