MocoSpace beams $4 million

January 31st, 2008 | Category: Next big thing, Apple

They are big trends in digital media: mobile and social networking.

So why not combine the two? Well, that’s the play with MocoSpace. In fact, that week the company raised $4 million in venture capital. The investors include: General Catalyst Partners and Pilot Group.

MocoSpace is certainly getting traction. For example, there are now more than two million members. What’s more, the service generates one billion page views per month.

Essentially, MocoSpace helps with things like photo sharing, games, and urls to profiles.

“I agree that there’s saturation in the traditional social networks,” said Justin Siegel, co-founder and chief executive officer of MocoSpace,

in an interview with me. “But in the mobile space, it’s still early and a great opportunity. A big advantage we have is being a first mover in that space.”

Besides, with the lower costs of mobile plans - as well as the huge popularity of Apple’s (NASDAQ: AAPL) iPhone - MocoSpace has some nice growth drivers.

Tom Taulli is the author of various books, including The total M&A Handbook. He additionally operates DealProfiles.com.