White Label App Platform LOLApps Raises $4.5 Million from Polaris Ventures
peHUB’s Dan Primack caught the SEC filing last week that LOLApps, a provider of white label social networking applications, has raised $4.5 million Series A round from Polaris Venture Partners. Polaris’s Mike Hirschland will be taking a seat on the company’s board.
LOLApps’s two primary current products are its Gift Creator and Quiz Creator applications, which run on Facebook and Bebo. Users are able to use LOLApps’ templates to easily create customized standalone applications. LOLApps gives the service away (hence getting free distribution) and makes it back by selling the inventory for now, but the company will likely explore several potential business models.
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