Mobile ad network announces first close on its $500,000 placement


mNectar, Inc. raised $50,000 from one investor in a non-brokered convertible note offering. The company raised an estimated $250,000 in convertible notes since the beginning of the year.

The company developed a mobile ad network which does not require a software development kit and delivers full screen interactive rich media ads for Android and iOS applications (app). The company is currently in private testing mode.

The company, located in San Francisco CA, was founded by Wally Nguyen (CEO) and Daniel Cheng.

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