After making its debut at the DEMO conference in Silicon Valley, California-based MobiCart has managed to get some additional cash to help drive its growth.
The m-commerce company secured $500,000 seed funding round from the Finance for Business North East Angel Fund and will use to new money to keep developing its product, making it easy for online retailers to tap into the growing mobile industry.
Already MobiCart supports the iPhone and the plan is to support the iPad and Android in the next eight weeks. Moreover, Blackberry and Windows Mobile support will be added later on in the year as well as a web app version of the native app builder, making it accessible to an even wider audience.
And that’s just a start – MobiCart also plans to introduce some cool features to its app builder, including a bar code scanner, virtual coupons, loyalty schemes and more.
Commenting on the news, the company’s CEO and founder Wladimir Baranoff-Rossine said: “We’re delighted with the investment, which will enable us to pave the way with our vision for the future of mobile commerce. Within the next decade the whole industry will move to mobile. MobiCart will be at the forefront with a product that can’t be beaten on price, value or service.”