Intercasting Raises $5.5M

San Diego-based Intercasting Corporationg has raised $5.5M in Series A venture funding. Funding came from Avalong Ventures and Masthead Venture Partners. Intercasting is developing location-based services, and will use the capital to fund business growth, product development, and marketing. The company's initial mobile service is Rabble, a blogging/social networking application that connects users using mobile phones. The company's application is currently available to Verizon Wireless mobile customers. More information »