TechCrunch reported on 4/1/2010 that NearVerse, co-founded by InSITE Alum Vic Singh, had raised $1M for further development of its proximity based mobile social network LoKast.

Funding came from Meakem Becker Venture Capital (interestingly, whose Managing Director Glen Meakem is the brother of InSITE Board Member and Kodiak Venture Partners Managing Partner Chip Meakem – all roads lead back to InSITE).

Read the full article at Techcrunch.

– Rich Powell, InSITE Board Member