Apptive Raises $650,000

Austin-based Apptive, which develops software to help companies build their own iPhone and Android e-commerce apps, said Wednesday that it has raised another $650,000 in a funding tranche, bringing its total raised in its latest round to just over $1M. The startup--led by Chris Belew--did not disclose the source of the funding. Apptive develops software to help online companies create their own, mobile e-commerce applications. The company said the new funding will go to expand its reach to online merchants and for partnerships with e-commerce platform providers. More information »