Mobile app developer
Geodelic has raised $7 million in a second-round funding led by MK Capital and including Clearstone Venture Partners and Shasta
Ventures. Started in 2008, Santa Monica, Calif.-based Geodelic's free app for the iPhone and Android phones, lets users easily find nearby locations such as grocery stores, gas stations, retailers and
restaurants.
Geodelic says it plans to announce more product features and major partnerships with the advertising, entertainment and wireless companies in the next few months. The company has
raised a total of $10 million to date.