• MobiCart secures $500k seed round

    Tuesday, March 29th, 2011

    Steve O’Hear is probably best known as a technology journalist, most recently at TechCrunch. He still occasionally blogs at last100. Until February 2012, he was CEO of expertise platform Beepl where he helped the company navigate its first VC round, along with seeing the product through development, private alpha and a high-profile public launch. Last100 was co-founded with Richard MacManus... → Learn More

    MobiCart, the free service lets users build a native storefront for Apple’s iOS, has secured a $500,000 seed funding round with participation from the UK’s Finance for Business North East Angel Fund.

    The new investment will be used to expand the company’s offering, which will add support for Android in the next eight weeks, with Blackberry and Windows Mobile to come later this year, along with introducing new features to its app builder, including a bar code scanner, virtual coupons, and loyalty schemes.

    In addition, MobiCart says it is also developing its own platform and extension marketplace and is working on a web app version of its native app builder, making it accessible to a wider audience.

    CEO and founder Wladimir Baranoff-Rossine said: “We’re delighted with the investment, which will enable us to pave the way with our vision for the future of mobile commerce. Within the next decade the whole industry will move to mobile.”

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