New York – AOL Ventures, the investment arm of AOL, has participated in a new $2 million round of funding for Vungle, a San Francisco-based provider of services designed to help mobile developers promote their apps through video “trailers.”

Other investors included Google Ventures, Crosslink Capital and angel investors such as Charles Hudson’s SoftTech VC, Ron Conway’s SV Angel, Dave McClure’s 500 Startups, Maynard Webb, Scott McNealy and Tim Draper.

The company plans to use the funds to bolster hiring, as well as build out its product platform. A beta program for developers is planned for early this summer.

“Our vision is to give mobile app developers an effective and cost-effective way to make real money through the applications they offer to the world,” said Zain Jaffer, the company’s co-founder and CEO.

This article was also published in Potomac Tech Wire.

Related links:

Vungle – official site

Vungle – press release

Google Ventures – official site

AOL Ventures – official site

Crosslink Capital – official site

SV Angel – official site

500 Startups – official site

SoftTech VC – official site

Tim Draper – official site