IT, deals, blackberry

Nexage Nabs $4M, Heading to Boston

Ryan McBride 7/14/09

Nexage, a provider of advertising software for mobile devices, raised $4 million in a Series A round of venture capital and plans to relocate its headquarters from Fremont, CA, to Boston, according to a press release. Investors in the financing include GrandBanks Capital, of Wellesley, MA, and BlackBerry Partners Fund, a Toronto-based venture unit of BlackBerry smartphone maker Research in Motion (TSE:RIM).

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.