Treemo is a Seattle, Wash. based company that focuses on the sharing of media on mobile phones. Essentially, Treemo is a mobile social network.
The company announced today that they have raised $2.55 million in Series A-1 investment from Chicago, Ill. based venture capital firm, JK&B Capital.
“Demand for the company’s platform solution is positioning Treemo to rapidly emerge as the leading provider of unique social media applications within a crowded space,” stated Tasha Seitz, Partner at JK&B Capital. “The company’s seasoned executive team and proven strategy demonstrate a keen differentiation that aligns well with our portfolio companies. JK&B Capital’s financial support is a strong validation of the company’s pioneering vision and outstanding potential.”
With this round of funding, Treemo plans on expanding its platform and to attract a wider mobile carrier base. Treemo plans on building communities around musicians and artists as well.
Evolution Capital Partners, a boutique investment banking company provided Treemo financial advice for the funding transaction.
Source: Earthtimes