Nexage Nabs $4M, Heading to Boston

Nexage, a provider of advertising software for mobile devices, raised $4 million in a Series A round of venture capital and plans to relocate its headquarters from Fremont, CA, to Boston, according to a press release. Investors in the financing include GrandBanks Capital, of Wellesley, MA, and BlackBerry Partners Fund, a Toronto-based venture unit of BlackBerry smartphone maker Research in Motion (TSE:[[ticker:RIM]]).

Author: Ryan McBride

Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News. Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.