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MOGL Gets $10M

socalTECH

San Diego-based MOGL , which operates a customer loyalty program for restaurants focused on game mechanics, said today that it has raised $10M in a round of funding. The second round came from Sigma Partners, Austin Ventures, and Avalon Ventures. The firm said the new funds go towards expansion into new target markets.

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Interview with Derrick Oien, Intercasting

socalTECH

in funding from Venrock, Avalon, and Masthead. The second customer is the social networking sites. What's your opinion on how well that works, and how much competition are they? Historically, for us and our partners, you would merchandise the service out to customers, and you had the issue of how do they find it.