Playa Del Ray, California -- Mobile digital media company Momunt has secured $424,000 in new debt investment, according to an SEC regulatory filing.
Momunt has developed a mobile app that enables users to see public, anonymous, and location-locked photos from other people nearby.
The company taps into social networks such as Instagram and Twitter along with its own mobile photo upload network.
Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
A total of four investors participated in the offering
Minimum investment size was listed as $25,000 per investor.