MomentFeed Raises $5.5M

Santa Monica-based MomentFeed, which develops mobile marketing software which lets marketers understand correlate the activities of mobile users with the physical locations of those consumers, said this morning that it has raised $5.5M in a Series A funding round. The funding was led by Signia Venture Partners, along with Draper Nexus, DFJ Frontier, Double M Partners, and Daher Capital. Ed Cluss of Signia Ventures joins the company's board as part of the funding. MomentFeed is led by Robert Blatt. The firm says its software is being used by 7-Eleven, JCPenney, The Coffee Bean & Tea Leaf, and The Home Depot. More information »