Mingleverse Raises $1.4 Million For Online Voice And Video Chat Platform

Mingleverse, which operates an online voice and video chat platform, this morning announced that it has raised $1.4 million in seed financing from Yaletown Venture Partners, unnamed angel investors and Mingleverse CEO Ron Stevens.

Mingleverse plans to use the capital to ramp up marketing efforts for its mobile offering and move forward with integration into social networking platforms to help meet the needs of cellular carriers.

Mingleverse’s communication service, which the startup says now boasts users in 196 countries, allows people to engage in conversations and share media in virtual 3D meeting rooms dubbed MingleRooms, designed to resemble real life meetings within the browser window.

This makes Mingleverse a combination of WebEx, Skype and Second Life, only better.
Says the press release, at least.

Mingleverse works with cellular carriers and handset makers to deliver a so-called “Live Social Network service” they can customize and offer to their subscribers.

The company had earlier raised $440,000 in seed funding.