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Giftz Gets Additional Funding From Draper Goren Holm

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Los Angeles-based Giftz , a startup that offers up a mobile wallet and marketplace for points, miles, and gift cards, has received an investment from LA's Draper Goren Holm , the two said on Wednesday. Draper Goren Holm is the venture studio run by Tim Draper, Alon Goren, and Josef Holm. READ MORE>>.

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Qualcomm Backs Video Chat Service Tango

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San Diego-based Qualcomm is backing a developer of mobile video chat services, Tango , via its Qualcomm Ventures arm, the two companies announced today. Tango develops a video chat service which lets users conduct video chats with their Apple iPhone or Android smartphone, and also provides free phone calls and video messaging.

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MomentFeed Names Tech Veteran Nick Hedges As CEO

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Santa Monica-based MomentFeed , which develops software that helps national brands keep information on their stores up to date across mapping and mobile services, has named Nick Hedges as CEO of the company, MomentFeed said this morning. Hedges also previously has served at Bain & Company, Accenture.com, and Ogilvy & Mather.

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Mogreet Gets $4.1M More

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Los Angeles-based Mogreet , the provider of mobile video marketing services which is run by James Citron, said this morning that it has raised $4.1M The round was led by Black Diamond Ventures, and also included DFJ Frontier, Ascend Ventures, Bryant Park Ventures and Draper Associates. in a strategic investment round.

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payvia Buys Mogreet

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Los Angeles-based mobile carrier billing service Payvia has acquired fellow Los Angeles firm Mogreet , the two companies said this morning. According to payvia, the deal will allow it to offer a solution which includes mobile payments, user targeting and mobile marketing. and Trinity Ventures. READ MORE>>.

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Mogreet Opens Midwest Sales Office

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Mogreet said it has opened up a new office headed by Joshua Pyne, who the firm snagged from ChaCha, the mobile questions and answers service. in a new round, from Black Diamond Ventures, DFJ Frontier, Ascend Ventures, Bryant Park Ventures and Draper Associates. Mogreet recently raised $4.1M READ MORE>>.

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Ranker Names COO, Taps Jones For Board

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Los Angeles-based Ranker , the online service which allows anyone to list and rank things on any topic, said today that it has named Mani Dhillon as Chief Operating Officer, and tapped former MySpace CEO Michael Jones for its board. Ranker said it is now getting around 4.5 million monthly unique visitors. READ MORE>>.