Modiv Received $8 Million for Mobile Marketing and Commerce

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Modiv Received $8 Million for Mobile Marketing and Commerce
December 21, 2007What does Modiv do?

Modiv enables consumers to make purchases via mobile phones at participating merchants.

VCU says:

Modiv attempts to make it possible for retailers to create personalized relationships with their integrated mobile retail solutions.

They would like to nfluence buying behaviors and drive sales throughout the shopping experience. They claim results as the following: driven 50% higher basket sizes, 16% increased store frequency and 50% offer redemptions rates for their customers.

Take a look at Modiv.

Founders:

NA

Funders:

Read more about Ignition Partners here.

Read more about Oak Investment Partners here.

Read more about SeaPoint Ventures here.




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