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Wireless Firm Kajeet Raises $27 Million in First Round

Authored by Mark Hefflinger on February 6, 2006 - 6:19am.
Bethesda, Md. - Kajeet, a cell phone service designed specially for "tweens," confirmed on Monday that it has raised $27 million in venture capital financing. Tweens are a marketing term for children between the ages of 8 and 14. The investors were Bessemer Venture Partners, Gabriel Venture Partners, InterWest Partners, and FidelityVentures. The company was co-founded by Daniel Neal, the former CEO of VCampus Corp; Matthew D. Baker, co-founder of STSN, and Ben Weintraub, former COO and co-founder of SimplyWireless.com. "With Kajeet, I'm helping to build the mobile devices and services I want my own daughter -- and her parents -- to have," said Neal.
http://www.kajeet.com

tags: Wireless | Raise | First Round | Kajeet |



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