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Location-Centric Mobile Ad Network Verve Closes $14M From Qualcomm, Nokia Growth Partners

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http://techcrunch.com – Verve Mobile, an advertising network that focuses on delivering geo-fenced or geo-targeted ads, just picked up a third round of venture funding from Nokia Growth Partners and Qualcomm. BlueRun Ventures, an earlier investor that specializes in mobile deals, also participated in the $14 million round. That brings the company’s total funding to at least $21 million on top of a previous $7 million round from BlueRun. John Gardner from Nokia Growth Partners joins Verve’s board while Quinn Li from Qualcomm Ventures becomes a board observer. Verve’s network now reaches 108 million (IT news)