September 17, 2009

Mocapay raises $3 million

DENVER – Mocapay Inc., which recently moved from Boulder to Denver, closed a $3 million round of financing lead by Texas and Boulder investors.

Mocapay closed a $3 million round of financing lead by Texas-based Spartan Mobile and Boulder-based Lacuna LLC. The $3 million adds to the $3 million the company has raised since being founded in Boulder in 2006.

Kevin Grieve, Mocapay’s chief executive officer, said the company will use the money to expand its business and focus on developing a better platform.

Unrelated to the financing round, Mocapay moved to Denver in late August to be more centralized in hopes of reaching more clients both in Colorado and throughout the country.

The company, which develops a platform that integrates mobile payments, marketing and distribution at point-of-sale, has a handful of customers – all of which are in Colorado.

Its new office is located at 1553 Platte St., suite 300 in Denver.

DENVER – Mocapay Inc., which recently moved from Boulder to Denver, closed a $3 million round of financing lead by Texas and Boulder investors.

Mocapay closed a $3 million round of financing lead by Texas-based Spartan Mobile and Boulder-based Lacuna LLC. The $3 million adds to the $3 million the company has raised since being founded in Boulder in 2006.

Kevin Grieve, Mocapay’s chief executive officer, said the company will use the money to expand its business and focus on developing a better platform.

Unrelated to the financing round, Mocapay moved to Denver in late August to be more centralized in hopes of…

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