[Updated] Vugo Hits $1.3m, Lifts Round Cap To $1.5m

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Updated 6/25 12 CST: Vugo has reached $1.3m and raised the round cap to $1.5m.

From Bellefeuille: “…We decided to oversell the round because of our NYC win…When we won our lawsuit NYC became a focus as the most valuable media market in the world, in addition to being one of the leading rideshare markets with over 100,000 for-hire vehicles. The additional capital will be used for operational expenses in NYC including opening an office there probably in Fueled Collective’s NYC location.”

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