Home › content

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 |

add to:  del.icio.us  |  digg |  Yahoo! MyWeb  | Slashdot


Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Add image
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br><p> <b> <i> <img> <hr>
  • Images can be added to this post.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.