Chicago – Red Foundry, a provider of DIY mobile application tools,
announced that it has raised $1.1 million in its first round of venture capital
financing, from OCA Ventures and I2A Fund.
Chicago-based Red Foundry says its
platform allows anyone to create a mobile application without any programming
The service is free to use for app building; publishing an
application runs from between $59-$199 per month.
The company will use the
funds to hire additional staff and expand its offerings.