Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More
After back-Babbaco, Lightbank makes another investment today. Investment company finances myRete, developers of WhosHere, location-based mobile social network. This is the first outside investment for myRete.
WhosHere is a location-based social application network (iOS app for now) which allows you to see who in your nearest location and message to the people. When a user is someone they are interested in drawing, they can message the user enters the application identity and others with whom they have something in common. You can communicate with people, send free text messages and images and make free VoIP calls without providing any personal information. You can also send virtual gifts to other users.
For the initial company WhosHere has an impressive user base, and profitable. IOS application has more than four million registered users that have more than 2 billion text messages in 14 languages. Run an average of 10 users said millions of messages per day.
MyRete said that the new funding will be used for recruitment and extended to other mobile platforms, including Android.
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