Today's Most popular News

Source:CenterNetworks

Yesterday I traveled to Philadelphia to attend the DreamIT Ventures Funding Day. Eleven startups presented their ideas and pitched their concepts for funding. Several hundred people attended the event and the event went off without a hitch. Most of the presentations were very good and I was actually quite impressed with many of the company ideas.

Here is a list of the companies who presented plus a link to our coverage:

• Vuzit (our coverage)
• DropCard (our coverage)
• Anthillz (our coverage)
• Sleep.FM (our coverage)
• Trendient
• Beanstockd
• Phrazit
• Tapinko (our coverage)
• SnackFeed
• SCVNGR (our coverage)

More CN Coverage:
– FriendFeed
– Amie Street
– Startup Tips

Source:CenterNetworks

SCVNGR is one of the companies in the DreamIT startup incubator. SCVNGR describes their service as an "on-demand interactive mobile platform". What this really means is that they help companies and other groups create scavenger hunt games.

The actual game works very similar to any scavenger hunt but with more intelligence. Because everything is sent back via text message to SCVNGR, the system can appropriately send people to the next items and make sure that different groups are doing different things. A variety of commands can be sent via the moble to get tips, hints and current team scoring. The Web application is used to setup the actual scavenger hunt.

To-date the company has generated $25,000 in revenues including over $10,000 from a deal with a Philadelphia jewelry store. SCVNGR is currently targeting the university market segment and is expanding to the museum segment. 

SCVNGR has raised $125k to-date and they are looking for $650,000 for team expansion, technology and sales/business development.

This entry was posted on Friday, September 5th, 2008 at 9:35 am and is filed under games, startups, mobile, Quick News, Reviews, casual games, DreamIT, SCVNGR. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.