Wavemarket with Series B

Filed in archive Venture Capital on February 9, 2005

SiliconBeat hints me to a Wavemarket that just raised 9.4 million from Draper fisher Jurvetson and BlueRun Ventures.

"(1) Crunkie --- a location-aware mobile social network that allows friends to locate each other as well as share location-tagged blog posts.

(2) Map.Me --- a mobile phone map interface that allows users to pan/zoom and experience dynamic mobile city guides.

(3) WaveAlert --- server that allows users to be notified whenever they enter or leave a designated area. This is called "proximity-based" alerts. You can set "geofences" around important assets or be notified if your friends are nearby."

Mmh does sound familiar - Europe has a dozen companies developing location based services. Well success has been minimal as users and tools are far from perfect. Just see this manual:



Would you do all this on your cell?

Maybe I'm too skeptic here but another thing that disturbs me is this quote:



So LBS revenue in 2006? Well not much so far (at least in Europe) and community-based blogging? I wonder but might miss something here...