MocoSpace Gets $3.5M In Strategic Funding from SoftBank Capital to Expand with Mobile Browser-Based Social Games

Boston, MA (PRWEB) September 23, 2010

Company already profitable, adds strategic capital to build out groundbreaking social games platform

Boston - Sept 23, 2010 - MocoSpace, the largest social entertainment destination on the mobile web, today announced a $ 3.5 million round of strategic funding from SoftBank Capital. MocoSpace will use the funds to expand its mobile browser-based social gaming offerings and management team. Previous investors in MocoSpace include General Catalyst, Pilot Group and prominent angel investor Michael Dearing.

MocoSpace is the largest entertainment destination on the mobile Internet, with over 14 million users and three billion page views per month. The company, which is already profitable, plans to use this round of funding for the development of its MocoSpace Games platform. The platform will provide game developers with a robust environment and mobile web reach via smartphone browsers, as well as access to the MocoSpace audience - which already plays one million games on the site per month. MocoSpace will be launching its own browser-based mobile social game, and is currently developing partnerships with mobile web game developers to provide a wide range of game titles on its platform.

Vikrant Gandhi of Frost & Sullivan has followed MocoSpace's growth over the years, and describes the company's success: "MocoSpace has demonstrated a rare ability to build a large mobile internet brand and generate profits while appealing to a broad base of consumers. The mobile browser represents the next frontier of social games, and companies like MocoSpace have a great opportunity to lead this nascent market."

As part of the investment, SoftBank Capital's managing partner, Ron Fisher, is joining the company's Board of Directors. As founder of SoftBank Capital, Fisher has over 30 years of experience working with high growth and turnaround technology companies, and serves as a member of the board of directors of SoftBank Corp., Japan, as well as on the boards of several public and private companies, including Desktone, E*Trade Group, GSI Commerce, FooMojo, LiteScape Technologies and Nellymoser, Inc.

"MocoSpace is uniquely positioned for massive growth at the crossroads of powerful trends in mobile, gaming and social, as well as appealing to one of the fastest-growing segments of the U.S. population, the Hispanic market," said Fisher. "Softbank is excited to be an investor. MocoSpace has done a great job building an industry leading, profitable business, and we're excited to help the company broaden its entertainment offerings and innovate in the social games space."

"The chance to work with Ron and the Softbank team was a no-brainer for us. They have a tremendous amount of expertise both here and abroad in all the key parts of our business," says MocoSpace CEO and co-founder Justin Siegel. "I look forward to working with them in the coming years as we continue to expand our business."

About MocoSpace

For a young, multicultural, on-the-go generation, MocoSpace is the destination of choice for making friends, having fun and staying connected. MocoSpace has over 14 million registered users generating over 3 billion pages per month, making it the largest social entertainment destination on the mobile web. MocoSpace is free and available on any web-enabled mobile phone in the world.

Launched in 2005, MocoSpace is backed by General Catalyst and Softbank Capital and is based in Boston, MA. For more information on the company, visit http://www.jnjmobile.com

About SoftBank Capital

SoftBank Capital is an independent venture capital firm focused on early stage businesses addressing ubiquitous, social computing. The firm addresses opportunities that deliver socially-driven content, services and applications across platforms and devices. SoftBank Capital offers entrepreneurs and their management teams valuable experience and resources, including our close association with SoftBank Corp. in Japan. SoftBank Capital has offices in Newton Center, MA, New York City and Buffalo, NY. For more information, visit http://www.softbank.com.

Follow MocoSpace on Twitter: http://www.twitter.com/mocospace

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Related Angel Investor Capital Press Releases

Tiger Optics, LLC, the Leading Developer of Laser-Based Devices for Trace Gas Analysis, Announces Completion of its Series B Funding

Warrington, PA (PRWEB) June 14, 2006

Lisa Bergson, CEO of Tiger Optics, LLC, announces that the company has taken in additional financing, led by Expansion Capital Partners, LLC, of New York and San Francisco, on behalf of Clean Technology Fund II, LP, and also including the addition of new funder Georgieff Capital of Germany. This financing completes the companys Series B round.

Tiger Optics designs and manufactures Continuous Wave Cavity Ring-Down Spectroscopy (CW-CRDS) instruments for exceptionally fast, accurate, and highly sensitive detection of trace contaminants in gases. Tiger Optics exclusive worldwide rights to patented technology from Princeton University allows the company to market instruments known for accurate measurement of gaseous molecules in a variety of applications.

Tiger Optics continues to add customers in diverse markets, particularly for process gases used in semiconductor fabrication. Among its over 200 buyers, Tiger Optics counts Samsung, TI, IBM, BASF, Air Liquide, Air Products, Praxair, Linde, GM, and the National Institute of Standards and Technology (N.I.S.T.), along with other leading national laboratories, semiconductor fabricators, and gas companies. Going forward, Tiger Optics will continue its expansion into automotive testing and numerous other applications, including process control analytics, environmental sensing, and medical diagnostics.

Ms. Bergson said, The completion of this financing is an important step in continuing Tiger Optics strong growth and expansion into new markets with our award-winning products. We are also extremely pleased to welcome Georgieff Capital as new investors. Their European presence, network and expertise make them valuable partners for our continued international growth. Tiger Optics products are positioned to replace a vast installed base of mature, labor intensive, less accurate, and more expensive gas chromatographs, mass spectrometers, and IR spectrometers. Trace contaminant sensing with CRDS is already widely used to reduce waste and to improve process efficiencies. In semiconductor manufacturing, for instance, even minute amounts of moisture contamination can exact hundreds of thousands of dollars in lost wafer production.

Diana Propper, General Partner of Expansion Capital Partners said, We continue to be encouraged by the strong progress made by Lisa Bergson and the entire Tiger Optics team. Sensors are an increasingly important enabler of a broad set of Clean Technologies, and Tiger Optics superior, proprietary platform technology positions the company to continue their rapid expansion into new markets and applications. Tiger Optics products remain unparalleled in terms of their performance, reliability, accuracy, and ease of use.

Nicholas Atkins, Partner of Georgieff Capital, said We are excited about our involvement with Tiger Optics. Lisa and her team have done an impressive job in developing the business, and we are confident this round of financing will enable the company to reach the next level of its development. We look forward to working with the company to help achieve its global growth plans.

About Tiger Optics

Based in Warrington, PA., Tiger Optics, LLC is a world leader in laser-based technology for molecular gas analysis. With expertise in the design, development, marketing and servicing of electro-optic analyzers and components worldwide, Tiger Optics meets customer requirements for rapid and precise diagnostic and analytical devices, as well as process controls. Its research and development efforts focus on laser-based technology, with particular emphasis on Continuous Wave Cavity Ring-Down Spectroscopy (CW-CRDS). Tiger Optics devices address a wide array of markets, from semiconductor manufacturing to petrochemical production and environmental monitoring, among others.

For more information, visit http://www.tigeroptics.com or call:

Jerry Riddle

Tiger Optics, LLC

250 Titus Ave.

Warrington, PA 18976

(800) 641-6478 ext 147

About Expansion Capital Partners, LLC

Expansion Capital Partners is a venture capital firm that invests in expansion-stage clean technology companies. Investment focus areas include: energy, advanced materials, water and wastewater, manufacturing and transportation.

For more information, visit http://www.expansioncapital.com or call:

Bernardo Llovera

Expansion Capital Partners, LLC

90 Park Ave.

New York, NY 10016

(212) 786-7407

About Georgieff Capital

Georgieff Capital is a corporate finance and investment advisory firm with offices in Frankfurt, Munich and London. Georgieff Capital Advisors provides strategic financial advisory services to corporate and investor clients, as well as entrepreneurs. Georgieff Capital Management provides an exclusive platform for sophisticated individual investors and family offices to share information and research, to review and adjust investment strategies and, through Georgieff Capital Investors, to access proprietary private equity investment opportunities.

For more information, visit http://www.georgieffcapital.com or call:

Nicholas Atkins, Frank Bretag

Georgieff Capital

Reuterweg 49

60323 Frankfurt am Main

Germany

+49-69-172893-10

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Capital Corp Merchant Banking President & CEO Gilles Herard, Jr Engineers $80 Million Funding Deal for A 60 MW Solar (PV) Panel Facility

Orlando, FL (PRWEB) September 30, 2011

Capital Corp Merchant Banking has entered into a $ 80 million funding agreement with a renewable energy company from Romania. The project, located in the southeast area of the country, comes at the right time as Romania is keen on developing renewable energy sources within its borders.

The funding agreement Mr Herard designed is based on 100% debenture. The project consists of starting with an initial facility that will produce 60 MW and eventually bring the facility to full capacity, for a total of 120 MW. The technology to be used will consist of pre-integrated photovoltaic (PIPV) solar modules, which are ready-to-install kits that require no use of tools or electrical connections for setup. These modules allow high levels of flexibility and scalability according to clients needs, from kW range to multi-MW scales. PIPV modules are also environmentally friendly as they are made from non-polluting and easily recycled materials.

The Client is a designer, developer, manufacturer, and distributor of this modular technology and aims to achieve and maintain a market leading position in the PIPV market.

Only a short time ago, PV panels were still expensive but as time goes on and as the technology develops and becomes more widespread, the costs have decreased. Moreover, the PV production technology is in continuous development, leading to decreased power generation costs, which in turns will allow grid parity to become achievable in the coming years.

2010 and 2011 have been widely regarded as milestone years for the development of the green energy market in Romania. In fact, wind and solar maps show that there is hardly any region in Romania that would not fit to environmentally friendly energy production. The extensive renewable energy production potential of the country is due to its marine climate and southern location in Europe. Currently, green energy possibilities in Romania correspond to a high renewable energy potential, mostly underutilized, which makes Romania an attractive location for green energy investors, developers, and operators looking for alternative markets outside the conventional Western European countries, according to ENREG ENERGIA REGENERABILA. Photovoltaic projects are particularly interesting in southeast Romania where irradiation can reach a level of 1650 kWh/m2.

The method by which this project is to be funded is the brainchild of Mr Herard. Mr Herard is a seasoned merchant banker and has been in the banking industry for 38 years. He worked early in his career at the Toronto Dominion Bank (Canada) and later on joined Manufacturer Hanover (MH) of New York as Senior Credit Analyst. He eventually created his own Firm, Capital Corp Merchant Banking, where he syndicates and structures funding for top companies worldwide, all the while investing his own firms funds into the projects. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, nominated as Executive of the Year by the internationally acclaimed National Registers Whos Who, and having received the Senatorial Medal of Freedom, among many others.

About Capital Corp Merchant Banking:

Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit our website.

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