Mogees Raises $1 Million

Electronics startup Mogees announced the close of $1 million in seed financing from four unnamed investors.

Mogees is a new platform that provides easy, flexible solutions for mobile application developers to monetize products. Mogees enables mobile app developers to focus on developing apps, so they do not need to worry about how to make a living. The company is an early stage mobile payments startup founded by a team of early employees from PayPal.

The company revealed that it plans to use the new funding to embed its gestural recognition tech into new products and applications.