MobileX Labs Raises $1.5 Million, Launches App Builder Platform

mxl build 650

MobileX Labs has announced the beta launch of its new MXL Build app building platform, which allows users to create free mobile apps without previous coding knowledge. In addition, the company has raised $1.5 million in seed funding, led by Gary Holdren of The Garland Funds. MobileX Labs was created by Dan Novaes and Kiran Panesar, and earned over $1.5 million in revenue before officially accepting any outside funding.


5th Planet Games Raises $3 Million for Expansion of Core Mobile Games Business


Core mobile and web game developer 5th Planet Games has announced it has raised $3 million in funding from Sacramento-based DCA Capital Partners and Moneta Ventures. The funding is the first for the company, which has grown to more than 70 employees with the success of its core role playing games like Dawn of the Dragons and Legacy of a Thousand Suns.


mNectar raises $7 million for expansion of playable ads business

App virtualization and cloud delivery company mNectar has announced it has raised $7 million in Series A financing from New Enterprise Associates. The company will use the funding to grow its team with a focus on international expansion. mNectar’s technology is part of a growing “try-before-you-buy” ad movement, and allows users to sample apps as ads before downloading them from the store.


Kickstarter project uses recycled smartphones to protect endangered trees

smartphone rainforest

If an endangered tree falls in a forest, you can use an old smartphone to hear it. That’s the goal of this Kickstarter project aiming to protect the earth’s diminishing forests from illegal logging. By using old, unwanted Android smartphones, the tree lovers at Rainforest Connection are hoping to reduce e-waste in order to protect trees. It’s smart and efficient. (more…) raises $1.65 million in funding to expand event-tech platform


Event-tech company has announced its latest funding of $1.65 million from initial investors Singtel Inov8 and Blumberg Capital, along with a new European fund. This brings the company’s total funding to over $3 million. offers event organizers access to mobile microsite creation, with microsites that can be set up in minutes, without coding knowledge. These mobile sites give prospective event attendees a “one-stop-shop” for information about real-world events, removing the need to visit multiple sites or services to purchase tickets, or simply find addresses.


Geewa raises $4.2 million in funding for social and mobile game development


Facebook and mobile game developer Geewa has today announced the closing of a $4.2 million funding round, led by Springtide Ventures, member of the KKCG Group. The Czech Republic-based developer is behind games like Pool Live Tour, Age of Defenders and Munchie Mania, and will use the funding to create even more games for browser and mobile platforms.

Right now, Geewa’s plan is to release three new games in 2014, as well as support their current games with additional features and content.


Think Gaming launches funding service for mobile game developers


Think Gaming launched its Scouting Reports service in February 2014, with the goal of helping mobile developers turn their games and apps into top-grossing products. Scouting Reports analyze apps, and compare them to data from other mobile titles to find areas for improvement, or to show off what each app is already doing right.

Now, Think Gaming has announced the availability of funding related to positive scores on these Scouting Reports. This funding comes in the form of a loan, which is expected to be used to fund user acquisition growth and company expansion. In taking the loan, developers maintain their independence and ownership of their products.


Boxed raises $6.5 million in funding for wholesale shopping app


Mobile commerce company Boxed has secured an additional $6.5 million in funding for the continued expansion of its warehouse club shopping platform. Since its launch last August, the Boxed platform has expanded to offer over 800 products. Unlike real-world warehouse stores, Boxed requires no membership fee, and offers free overnight shipping on purchases of $75 or more.


Noble Nutlings dev Boomlagoon secures $3.6 million for future game development


Mobile game developer Boomlagoon has secured $3.6 million in a Series A funding round, led by Northzone. The round was joined by Inventure and 360 Capital Partners, among others, and will see the developer expanding its team to increase future game development.


Kamcord secures $7.1 million for expansion of mobile gameplay recording platform


Mobile gameplay recording platform Kamcord has secured $7.1 million in Series A funding in a round led by TransLink Capital. The round included participation from existing investors including Innovation Works and XG Ventures, and was joined by Japanese investors DeNA, KLab and M&Y Growth Partners. This funding will be used to further the develop of Kamcord’s mobile gameplay recording technology and standalone video viewing app.


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