WOWIO Gets Funding, Buys WEvolt

Los Angeles-based WOWIO said this morning that it has raised $1.7M in a funding round, and acquired online social networking site WEvolt, focused on comic books and creative content. WOWIO said the funding was led by CEO Brian Altounian. WEvolt operates an online site which allows creators of comic strips and graphic novels to upload and monetize their content. WOWIO said that WEvolt was created by Jason Badower and Matt Jacobs. WOWIO said that part of its plans are to license and create branded entertainment based on content submitted on the site. More information »