Wallit, a San Francisco, CA-based startup that is launching a new geo-social app which socializes augmented reality experiences, has raised about $1m in seed funding.
Backers include Storm Ventures, Tenex Capital Fund, DBO Capital and Orrick Venture Fund, as well as individuals including Masao Tejima, president of OpenTable Japan, Sharmila Mulligan, David Kellogg and Daniel Terry, among others.
The company intends to use the capital to bring the app to consumers and explore potential business use cases that could improve customer experience.
Led by founder and CEO Dr. Veysel Berk, Wallit allows users to create multi-media messages on virtual walls located around the world, to see who else is present, interact with one another and leave their mark. The app is free and does not require the creation of an account or user ID. Users launch the app, view and create posts, anonymously or through Facebook or Twitter.
FinSMEs
08/03/2012