MoFuse Raises Capital From the State of Rhode Island
MoFuse is a Providence, Rhode Island based company that helps bloggers and content publishers make their sites mobile-compatible. Recently MoFuse raised it’s first round of funding. The investor of the seed capital was The Slater Technology Fund, a Rhode Island early stage fund. The Slater Technology Fund is powered by the State of Rhode Island.
MofUse (which stands for Mobile Fusion) started in August 2007. MoFuse powered 2,200 websites in their network by the end of 2007. Today MoFuse powers over 12,000 sites on mobile phones.
“The more we consume the web through our mobile devices, the more impetus there will be toward MoFuse’s growth,” stated Thorne Sparkman, the Managing Director of the Slater Technology Fund. “And while it assembles a burgeoning network of sites, MoFuse is building a talent and experience base that will be tough to overtake. Presentation is just the first in a series of hurdles that the blogosphere will need to surmount. We see this as a tremendous opportunity to enable a large, global publishing population to integrate with the mobile channel.”
MoFuse currently powers the mobile version of Mashable, ReadWriteWeb, PoliticalWire, Doc Searls, and HarvardBusiness.com.
“We’re thrilled at this validating investment by the Slater Technology Fund and we look forward to utilizing it toward continuing our growth,” stated Annette Tonti, MoFuse’s CEO. “The wide adoption of our platform has necessitated more hires and of course, more investment. So we’re especially gratified that it’s from such an important, local partner.”@amitchowdhry or on Google+ at +AmitChowdhry