“TagText beats the Credit Crunch to secure a £1m funding round led by NorthStar Ventures.”
The company produces an integrated messaging product that allows young people to send animated avatars to their friends via mobile, social networks and the Internet.
But the key thing here is that these Londoners are focusing on kids. They offer marketeers opportunities to let their brand go viral in the social circles of children by tactfully hide marketing messages in fun avatars. Read it for yourself at their excellent to-the-point marketing page.
Kids will always be a group that have enough to spent, indirectly. Most parents simply love to spoil their children, especially in these harsh, dark, uncertain times.
Tagtext is available for a select group of British kids and will open up internationally in phases next year.