HipGeo Raises $500K

Los Angeles-based HipGeo has raised $500,000 in an initial round of funding, the firm is announcing this week. The funding comes from Morado Venture Partners, a seed stage fund run by ex-Yahoo executives Ash Patel and Michael Marquez. Other investors in the round include Galen Buckwalter, former Chief Scientist at eHarmony, and San Diego angel investor Bob Bingham. HipGeo develops a location-aware platform which includes smartphone apps which enable users to continuously record and organize their lives around geography. HipGeo said the new funds will go to expand its development team, and develop new features. More information »