Mosoro Secures $1.5MM Series A Round

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Funding to Accelerate Growth of Smartphone Appcessories

Golden, Colorado: Mosoro (http://www.mosoro.com), a company that creates Bluetooth (Bluetooth LE) accessory solutions, also know as Appcessories, for smartphones, today announced that it had closed its $1.5MM Series A financing round led by leading Internet entrepreneurs and co-founders of ServiceMagic.com, Mike Beaudoin and Rodney Rice as well as Boulder venture capital firms High Country Venture and Tango. The company plans to use the funding to accelerate development and growth of their appcessory products into multiple verticals. In conjunction with this funding, Mike Beaudoin, Rodney Rice, and Chris Marks joined the Board of Directors, along with Mosoro CEO/Founder Mike Stemple and CTO/Founder Chris Stemple.

“We are very excited to have this outstanding group of investors behind Mosoro,” says founder Mike Stemple. “With this new capital we will be able to grow our team and move faster in launching our appcessory products into the market.”

“Mosoro is on the leading edge of a coming tsunami in Bluetooth-enabled appcessories,” said Rodney Rice. “We are excited to be partnering with Mike and Chris Stemple as they have an incredible vision for changing the way consumers use their smartphones.”

“Mosoro is enabling a users smartphone to interact with the physical world in a highly creative manner,” says Chris Marks of High Country Venture. “Their combinations of appcessories, smartphones, and the Internet open up numerous new exciting markets.”

Mosoro will be in attendance at Toy Fair in New York February 12-14 2012. If interested in meeting with representatives of Mosoro please email info(at)mosoro(dot)com.

About Mosoro
Mosoro creates Bluetooth (Bluetooth LE) accessory solutions, also know as Appcessories, for smartphones. The company designs Bluetooth hardware and corresponding smartphone apps in-house, partners with well known consumer brands, bundles the branded hardware and apps together, and takes the products to market through their distribution and sales partners. The company was founded by successful serial entrepreneurs and the founders of nReach, Skinit, Original Wraps, and Odojo. Mosoro is a developer partner of numerous carrier/handset providers, an Adopter member of the Bluetooth SIG, and an approved Apple MFi Licensee.
To learn more visit http://www.mosoro.com.

About High Country Venture
High Country Venture manages two venture capital funds (Colorado Fund I and II) investing in early stage growth companies located in Colorado. HCV has approximately $50 million under management and is affiliated with Tango, a private investment company located in Boulder, Colorado. For more information call (303) 381-2638.

About Mike Beaudoin & Rodney Rice
Mike & Rodney founded ServiceMagic Inc. in 1998 where they served as Co-Chief Executive Officers. InterActiveCorp acquired ServiceMagic in 2004 and currently they serve as co-chairmen and advisors to the company. Prior to ServiceMagic they were part of the founding management team of Einstein Bros. Bagels.

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Mike Stemple
Mosoro Inc
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