Mogreet Rings Up $5M

Venice, California-based Mogreet, which operates a service to send video greetings via SMS and MMS, announced today that it has raised $5M in a Series B funding round. The funding came from Ascend Ventures, Black Diamond Ventures, and Spyglass Ventures, along with prior investor DFJ Frontier. Chris Lucas of Black Diamond Ventures and Sharon Graves of Ascend Ventures join the board along with the funding. Mogreet's service allows mobile phone users to select and send short video greetings directly to cell phones, similar to Internet greeting cards. Mogreet's videos include videos for birthdays, holidays, special events, and more. More information »