Voyager Adds Funding for Placecast

3/24/10Follow @gthuang

Seattle-based venture firm Voyager Capital has participated in a $3 million follow-on financing for Placecast, a San Francisco-based mobile marketing startup. Existing investors Quatrex Capital and Onset Ventures also participated in the funding, which is an add-on to the $5 million Series B round the company announced last November. Placecast, also known as 1020, is a location-based advertising platform that combines data across Web, mobile, e-mail, and Wi-Fi to increase the relevance of ads for publishers and advertisers. Voyager’s Enrique Godreau talked about 1020′s mobile ad platform in an interview with Xconomy in 2008.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at Follow @gthuang

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