[April 24, 2013] LSN Mobile Generates $5 Million in Growth Capital from Fulcrum Equity Partners Tweet Apr 24, 2013 (Close-Up Media via COMTEX) -- LSN Mobile, a mobile media and advertising company that connects local mobile media with consumers and advertisers in uniquely valuable ways, announced the company has raised $5 million in growth capital from Atlanta-based Fulcrum Equity Partners. According to a release, the new financing will be invested in enhancing its advertising and product capabilities and continuing to expand its local media and affiliate network. "This latest round of financing reflects investors' strong beliefs in LSN Mobile's ability to provide significant ROI and capitalize on an opportunity within the marketplace," said Louis Gump, president and CEO of LSN Mobile. "In addition, it will allow us to further enhance our product offerings, allowing us to better serve our advertising and media partners." LSN has over 200 content providers in 48 states across the country. Through partnerships with broadcast affiliates with networks including ABC, CBS, NBC, and Univision, the company empowers media companies and advertisers to deliver messaging to local audiences on their mobile phones and devices, through mobile websites, mobile display advertising, text alert sponsorship, mobile marketing campaigns and more. "Louis and his team have a track record of success in mobile media and we look forward to partnering with them as they continue to penetrate the space," said Frank X. Dalton, partner at Fulcrum. "Consumers rely on local media to stay connected to their communities and we see tremendous potential in LSN Mobile's distinct ability to deliver messages to mobile users in a place where they feel comfortable and interested." More information: www.lsnmobile.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]